XR Immersive Enters Into Investor Relations Agreement

Rhea-AI Summary

XR Immersive Tech has engaged Lytham Partners for investor relations services starting February 1, 2022, for a monthly fee of US$7,000. Lytham Partners, a seasoned firm with over two decades of experience, will enhance corporate communications and outreach to the investment community. XR Immersive Tech, recognized for its leadership in location-based VR and AR entertainment since 2016, aims to further develop its platforms that serve major clients like Intel and the FDA.

Positive

• Engagement of Lytham Partners strengthens investor relations and outreach.
• Monthly fee of US$7,000 for professional services may lead to enhanced market visibility.
• The company has established a significant presence in VR and AR entertainment with a growing client list.

Negative

• None.

VANCOUVER, British Columbia, Feb. 16, 2022 (GLOBE NEWSWIRE) -- XR Immersive Tech Inc. (“Immersive Tech”, or the “Company”) (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF) is pleased to announce that it has retained Lytham Partners, LLC ("Lytham") to provide investor and public relations services on a month-to-month basis, pursuant to an agreement dated effective February 1, 2022. The services will include support for investment community outreach and corporate communications. As consideration for the services, Lytham will receive US$7,000 per month. The Agreement may be renewed or terminated by either party on thirty days written notice.

With more than two decades of experience and operations in New York, Los Angeles and Phoenix, Lytham has become one of the leading US-based investor relations firms providing corporate access to institutional investors by way of both, in-person and virtual 1 on 1 meetings, webcast presentations and, through their virtual investor conferences, while creating a framework of best practices in all aspects of corporate and shareholder communications.

The team behind Immersive Tech is a blend of accomplished executives coming together under CEO, Tim Bieber (BroadbandTV, CBS Interactive), Director of Franchise Development, Steven Dooner (The VOID, Walt Disney Imagineering, Universal Studios Japan), Kevin Williams (Walt Disney Imagineering, Spider Entertainment), Dan Burgar (VRAR Association President, Shape Immersive), Lance Priebe (co-founder Club Penguin, Disney Interactive) as well as its Directors Alvin Wang Graylin (HTC China President, Virtual Reality Venture Capital Alliance President).

On behalf of the Board of Directors

Tim Bieber, Director and Chief Executive Officer

XR Immersive Tech Inc. (formerly Fantasy 360 Technologies Inc. d/b/a Immersive Tech)

https://www.immersivetech.co/

For further information about Immersive Tech, please contact:

Contact - Tim Bieber

Email: investors@immersivetech.co

Telephone: +1-604-283-3029

ABOUT XR IMMERSIVE TECH INC.

XR Immersive Tech (formerly Fantasy 360 Technologies Inc.) is building the industry's premier location-based Metaverse Platform. Since 2016 the Company has been an industry leader in Social Entertainment, Virtual Reality (VR) and Augmented Reality (AR) entertainment attractions. With its Hardware Platform UNCONTAINED and its Software Platform Uncontained/OS and its growing network of over 300 VR operators through Synthesis VR,, the Company helps its stakeholders build user experiences unmatched in realism, depth and immersion. The Company builds experiences on its platforms for some of the world's largest companies including: Intel, Bayer, Capital One, Scotia Bank, the US Food and Drug Administration, Allegiant Airlines and more.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information in this news release includes, without limitation, statements regarding the Company’s results and timing of development efforts, execution of business strategy, future performance and future growth, business prospects, the Company’s expansion initiatives and pursuit of M&A activity, and other factors beyond the Company’s control.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made, including, but not limited to, such other assumptions presented in the Company’s disclosure record. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Fantasy 360 disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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

FAQ

What services will Lytham Partners provide to XR Immersive Tech?

Lytham Partners will offer investor relations and public relations services, including investment community outreach and corporate communications.

When did XR Immersive Tech hire Lytham Partners?

XR Immersive Tech retained Lytham Partners effective February 1, 2022.

What is the monthly fee XR Immersive Tech will pay Lytham Partners?

XR Immersive Tech will pay Lytham Partners US$7,000 per month for their services.

What type of clients does XR Immersive Tech serve?

XR Immersive Tech serves major clients including Intel, Bayer, Capital One, and the US Food and Drug Administration.

What industry does XR Immersive Tech operate in?

XR Immersive Tech operates in the social entertainment, virtual reality, and augmented reality sectors.