ImagineAR (IPNFF) Provides Shareholders With Corporate Update
Revenue Increase of 384% over comparable 9-month 2020 period
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.
Client Updates
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!
About ImagineAR
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.
For more information or to explore working with ImagineAR, please email info@imaginear.com, or visit www.imagineAR.com.
2021 STA Category Award Winner for Fan Engagement.
ImagineAR has executed agreements directly with all talent appearing on FameDays.com and they would directly receive financial compensation for their hologram e-greeting sales.
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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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 include, but is not limited to, statements regarding the future revenue sharing opportunities, future launch of sales of digital and physical collectibles, Non-Fungible Tokens and other related products through Oasis Digital Studios and / or its clients, partners and other service providers, statements regarding the future capabilities of LAVCE or the operation of an Indicio Network Node, statements suggesting LAVCE or an Indicio Network Node (“Company Services”) will be successfully launched and integrated into the Liquid Avatar platform and partner programs, information concerning the timing for the launch of Liquid Avatar apps, the plans for future features of the Liquid Avatar apps, expected geographic expansion, 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.
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 forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
