ImagineAR (OTCQB:IPNFF) Selected as Finalist for the Euroleague FANXP Innovation Challenge

Rhea-AI Summary

Imagine AR Inc. (OTCQB: IPNFF) has been selected as one of 10 finalists for the Euroleague Basketball FanXP innovation challenge, taking place from June 21-28, 2021. This opportunity allows ImagineAR to showcase its augmented reality solutions to top basketball clubs in Europe, participate in private mentoring sessions, and engage in a 10-week incubation project. CEO Alen Paul Silverrstieen emphasized the significance of this event for enhancing sports fan engagement through mobile AR technology.

Positive

• Selected as a finalist for Euroleague Basketball FanXP, enhancing visibility.
• Opportunity for collaboration with top professional basketball teams in Europe.
• Participation in private mentoring sessions with Euroleague executives.
• Engagement in a 10-week incubation project to develop AR solutions.

Negative

• None.

Euroleague FanXP Virtual Event is scheduled for June 21-28, 2021

VANCOUVER, BC and ERIE, Pa., May 27, 2021 /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company") an Augmented Reality Company that enables sports teams, businesses and enterprises to instantly create their own AR mobile campaigns, is pleased to announce that has been a selected as one of the 10 finalists to participate in the Euroleague Basketball FanXP this June 2021.

FanXP, held in collaboration with all 36 Euroleague and Eurocup basketball clubs, startups will get the chance to showcase their innovations, learn the insights of the top basketball competition in Europe with private mentoring sessions with Euroleague Executives and get the chance to test their products in a 10-week incubation project with top basketball clubs in Europe. ImagineAR will participate in private keynote sessions with top Euroleague Basketball Executives to get firsthand insights from the elite sports sector, and a chance to conduct a 10-week incubation program within the Euroleague Basketball ecosystem, as well as exposure at the 4YFN 2021 conference in Barcelona.

Alen Paul Silverrstieen, CEO of ImagineAR, stated ""With our focus this year on being the global leader in delivering immersive sports fan engagement for teams using mobile augmented reality, the Euroleague Basketball FanXP selection provides ImagineAR the opportunity to work with new top professional basketball teams."

ImagineAR, one of the 10 finalist startups, will be asked to adapt their product to Euroleague Basketball's ecosystem and propose a program to be conducted with the league or one of its clubs. The pitch competition will ask those 10 startups to pitch their product, service or solution and their proposal for how it will integrate within the EB ecosystem.

About ImagineAR 

ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to instantly create and implement their own mobile AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490

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The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forwardlooking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

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SOURCE ImagineAR Inc.

FAQ

What is Imagine AR's involvement in the Euroleague FanXP event?

Imagine AR is selected as one of 10 finalists to participate in the Euroleague Basketball FanXP innovation challenge from June 21-28, 2021.

How does Euroleague FanXP benefit Imagine AR?

The event offers Imagine AR the chance to showcase its AR technology, engage with elite basketball teams, and participate in private mentoring sessions.

When does the Euroleague FanXP event take place?

The Euroleague FanXP event is scheduled from June 21-28, 2021.

What is the stock symbol for Imagine AR?

The stock symbol for Imagine AR is IPNFF.