Vancouver, B.C – July 28, 2020 – Imagine AR Inc. (IP:CSE) (IPNFF:OTCQB) (“ImagineAR” or “Company”) an Augmented Reality Company that enables businesses, sports teams and organizations to create instant global AR mobile phone campaigns without a technical background, is pleased to provide a corporate update to investors.
Quarterly Financial Statement Filed for May 31, 2021.
The Company maintains a cash position of $5,297,395 which is enough to fund current company operations at its current level thru 2022. Revenue has increased 384% over the comparable nine month period for last fiscal year 2020. With the commercialization of the company’s SDK and the White-Label Mobile app products, the focus has been on entering into multi-year license agreement with sports and commercial clients.
Club Atletico Mineiro has successfully launched the ImagineAR SDK Version 1.3 integrated into their mobile app. The kick-off AR campaign featured green screen videos of players delivered around the world, had over 12,000 interactions within 24 hours and a 3000% registration increase per day. The Club also announced a new custom team shirt with over 100,000 orders in a week which will also include immersive AR experiences.
Global Sports Initiatives has successfully launched its white-label mobile app SportIn in both the IOS and Android mobile app stores.
World Tens Series has been postponed due to the pandemic and the competition will be reschedule in the future.
Shopper’s Drug Mart, in partnership with HumanContact Inc., successfully delivered another interactive and immersive AR training session with their custom white-label mobile app.
Real Sociedad is expected to launch the ImagineAR SDK Version 1.3 integrated into their mobile app in August.
White-Label mobile apps for Automotive Industries Publication, BlackOwned, and HumanConnect are in development and now expected to be released in Fall 2021.
ImagineARStudio is live to create AR experiences today for FREE!
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own 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
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release