IMAGINEAR (OTCQB:IPNFF) AWARDED US PATENT FOCUSED ON LOCATION-BASED VIRTUAL GAMEPLAY 

New Gaming IP Augments Company’s 5 Existing Patents

VANCOUVER, BC and ERIE, Pa., March 3, 2021 - ImagineAR (CSE: IP) (OTCQB: IPNFF) an Augmented Reality company that enables sports teams, entertainers, brands and businesses to instantly create immersive global mobile phone AR campaigns, is proud to announce it has been awarded patent number US10,946,284 by the United States Patent and Trademark Office (USPTO). The patent, titled “Systems and Methods for Capture and Use of Local Elements in Gameplay,” adds to ImagineAR’s deep intellectual property portfolio and is focused on location-based virtual gameplay.

The patent was developed with a focus on creating a rich multi-player gaming experience where aspects of gameplay may change based on the geographic location of other players as they join and leave the game. The invention can utilize mobile devices with location sensing capabilities, such as GPS.

 

ImagineAR CEO, Alen Paul Silverrstieen, stated “This newly approved US patent, in addition to our existing portfolio of five patents, further demonstrates the advanced technology and market leadership of ImagineAR in the North American Augmented Reality marketplace.”

 

ImagineAR was represented before the USPTO by White and Williams LLP attorney Frank Bruno.

 

About ImagineAR

Imagine AR Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an "AR-as-a-Service" platform for sports teams and businesses of any size to create and implement their own AR immersive 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 using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with 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 ImagineAR mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK.

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ON BEHALF OF THE BOARD

Alen Paul Silverrstieen
President & CEO

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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. 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.

 

or to explore working with ImagineAR, please email; info@imaginear.com or visit www.imagineAR.com.

We encourage you to do your own due diligence and ask your broker if Imagination Park Entertainment Inc. (cse: IP) is suitable for your particular investment portfolio*.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. The forward looking information is based on certain key expectations and assumptions made by Imagination Park’s management. Although Imagination Park believes that the expectations and assumptions on which such forward- looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Imagination Park can give no assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and Imagination Park disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.