URBANIMMERSIVE INC - UBMRF STOCK NEWS

Urbanimmersive Inc. (OTCQB:UBMRF) Acquires HomeVisit from CoreLogic Solutions, LLC and Matterport, Inc. Acquires VHT Studios: A Strategic Analysis

Urbanimmersive Inc. unveils a transformative approach that combines 360-degree videos with 3D digital environments, offering an immersive and interactive viewing experience. The company's integration of AI enhances user experience by converting audio tracks into text and providing geo-located captions. The real estate industry could benefit greatly from these advancements, as it allows for enhanced client engagement and exploration of properties. Urbanimmersive's innovative technology has potential applications in various industries, including tourism, education, and virtual event planning.

The real estate sector is shifting with the rise of 3D digital twins, creating opportunities for market penetration. Urbanimmersive stands out with its cost-effective and feature-rich 3D tours.

On March 30, 2023, Urbanimmersive (OTCQB: UBMRF) announced the integration of ChatGPT with its UiMeet3D Avatar Greeting Bot, enhancing its 3D tour solutions. This innovation allows the bot to provide real-time answers to viewer inquiries using curated client information, improving engagement and lead generation in real estate marketing. The AI-powered bot is expected to boost the All-In-One Marketing Monthly Membership revenue and can expand to other industries, including guided tours for businesses and historical sites. Urbanimmersive aims to reshape real estate marketing, positioning itself as a leader in 3D tour technology.

Urbanimmersive Inc. (OTCQB:UBMRF) has finalized a purchase agreement to acquire HomeVisit, LLC from CoreLogic Solutions, LLC. This strategic acquisition of the real estate photography agency will enhance Urbanimmersive's capabilities in visual content marketing, including 3D tours and drone imagery. HomeVisit reported unaudited revenues of approximately CAD$9.8 million for the fiscal year ending December 31, 2021. The total purchase price is CAD$9 million, with part paid in common shares and the remainder through a secured promissory note. Post-acquisition, Urbanimmersive will improve operational productivity and customer experience.

Urbanimmersive Inc. has signed a definitive purchase agreement to acquire HomeVisit, LLC from CoreLogic Solutions, LLC for $CAD 9 million. The acquisition, representing Urbanimmersive's most significant transaction to date, will be funded by issuing common shares equating to 19.9% of the outstanding shares and a 5-year Secured Promissory Note with a 7.5% interest rate. HomeVisit generated revenues of $US 7.83 million in its last fiscal year. This strategic move aims to expand Urbanimmersive's market presence and product offerings in the US real estate sector.

Urbanimmersive has successfully acquired IMOTO LLC and RocketPhoto for a total of $5.0M. The deal includes $1.8M in cash, issuance of shares valued at $2.7M, and contingent payments of up to $2.3M. IMOTO generated $3.3M in revenue last year and operates across 11 states. This acquisition enhances Urbanimmersive's US presence and cross-selling opportunities, aligning with its strategy to strengthen its leadership in real estate marketing services.

Urbanimmersive Inc. (OTCQB: UBMRF) provided a business update highlighting recent activities in the real estate market, particularly the onboarding of new clients and the expansion of its UiMeet3D subscription services. Notable collaborations include Offerpad Solutions, which could result in approximately $1.6M in annual revenues from 40,000 potential 3D tours. Additionally, the company is pursuing three acquisitions in photography services with a combined revenue of $5.6M. Q4-21 and 2021 audited financial results will be released on January 13, 2022.

Urbanimmersive has successfully acquired EGP Technovirtuel, Graphique ID Solutions, and La Clique Mobile for a total cost of $3.03M. The payment structure includes $1.77M in cash and 6.6M shares issued at $0.175 per share. These agencies, profitable with combined revenues of $1.6M last fiscal year, will enhance Urbanimmersive's portfolio and provide advanced photography solutions. This acquisition aligns with Urbanimmersive's growth strategy, aimed at boosting market presence and integrating new technologies for real estate services.