XR IMMERSIVE TECH INC - FNTTF STOCK NEWS

Fantasy 360 Technologies Inc., known as Immersive Tech, will change its name to XR Immersive Tech Inc. effective February 3, 2022. This name change aims to better reflect the company's focus on extended reality (XR) experiences. The stock symbols will remain unchanged, and existing shareholders do not need to exchange their share certificates. CEO Tim Bieber highlights that the new name aligns with their mission to provide hyper-immersive Metaverse experiences. The company continues to operate without any changes in business activities.

Fantasy 360 Technologies, trading as Immersive Tech (OTCQB: FNTTF), has announced a long-term development agreement with HTC Corporation, a leader in virtual reality technologies. This partnership focuses on enhancing the company's VR offerings, particularly using HTC's VIVE Pro 2 and new standalone headsets. CEO Tim Bieber expressed optimism about improving user experiences through this collaboration, aided by HTC's expert technical team. The agreement aims to position Immersive Tech at the forefront of the evolving VR landscape, enhancing its metaverse capabilities.

Fantasy 360 Technologies d/b/a Immersive Tech has secured a loan agreement with Westdale Construction for up to $3,000,000. This loan, dated December 17, 2021, carries a 12% interest rate and has a maturity date of June 17, 2022, with an option for extension. In exchange, the company will issue 2,000,000 warrants entitling Westdale to purchase shares at $0.52 each over four years. The funds will be used to enhance inventory and expand operational capacity, crucial for strengthening its position in the Metaverse market.

Fantasy 360 Technologies, operating as Immersive Tech, has announced that its common shares are now eligible for electronic deposit with the Depository Trust Company (DTC). This eligibility aims to enhance accessibility to the U.S. market, offering increased volume and liquidity for shareholders. CEO Tim Bieber emphasized this move as pivotal for the company's global vision. Immersive Tech has established itself in the social entertainment sector, specializing in virtual and augmented reality, partnering with major corporations like Intel and the FDA.

Fantasy 360 Technologies, also known as Immersive Tech, announced on December 6, 2021, the signing of a non-binding letter of intent for the production and sale of two UNCONTAINED standalone virtual reality attraction units. These units are intended for a new entertainment facility on the Las Vegas strip. The LOI outlines that the company will handle engineering, material acquisition, fabrication, and installation. The company's VR unit showcased at an Orlando Expo received positive feedback, prompting strong interest and leading to this initial order.

Fantasy 360 Technologies, operating as Immersive Tech, showcased its UNCONTAINED VR attraction at IAAPA Expo 2021 in Orlando, attracting an estimated 2,000 attendees. The hyper-immersive multiplayer experience received positive feedback as a disruptive innovation in the amusement industry. A definitive agreement was signed with Autobahn Indoor Speedway for the first unit, with an option for nine more. The company plans to expand preorders due to strong demand, indicating a growing market interest in their technology.

Fantasy 360 Technologies Inc., trading under the symbol FNTTF on the OTCQB, announced successful approval for its common shares to move from the OTC Pink Open Market to the OTCQB Venture Market, effective November 24, 2021. Existing U.S. shareholders will see no action required for this transition. The company's shares remain listed on the Canadian Securities Exchange under VRAR and on the Frankfurt Stock Exchange under 79W. Fantasy 360 is a leader in virtual and augmented reality entertainment, providing immersive experiences for major clients like Intel and Capital One.

Fantasy 360 Technologies, operating as Immersive Tech, has launched the hyper-immersive game 'Deep Signal' for its UNCONTAINED platform. This multiplayer sci-fi narrative game showcases the company's technology and features developed since 2017. Players embark on interstellar adventures with innovative elements like motion capture, haptics, spatial audio, and thermal effects, enhancing immersion beyond typical VR experiences. CEO Tim Bieber anticipates expanding their offerings with an upcoming acquisition of Synthesis VR, promising a growing catalog of over 300 games.

Fantasy 360 Technologies (OTC:FNTTF) has unveiled its UNCONTAINED Hyper-Immersive VR platform at the IAAPA Expo in Orlando, Florida from November 16-19, 2021. This platform represents a breakthrough in the Out-of-Home entertainment industry, combining physical and virtual experiences in the Metaverse. The company also introduced its multi-mission game, Deep Signal, utilizing advanced immersive effects. With a strong focus on user experience, the UNCONTAINED attraction is positioned to disrupt the market and attract interest from global industry leaders.