Urbanimmersive Strengthens Its Financial Position Through New Funding and Debt Repayments Deferral - Seite 2

“We are pleased to have obtained this important strategic financing as well as the support of our principal financial partners who demonstrate their confidence in our team and our business plan. The combination of this financing and the debt relief granted provides us with the financial flexibility necessary to accelerate our sales, marketing and product development efforts in order to generate our expected organic growth. Those important measures will strengthen our financial situation, improve our operational efficiency and ultimately look to the future of Urbanimmersive with optimism,” said Simon Bédard, Chief Financial Officer of Urbanimmersive.

In recent months, the Company’s management and some employees have accepted that a portion of their compensation be paid in shares in order to reduce the pressure on the Company's liquidities. The Company issued 1,167,160 shares at a price of $0.065 to management, employees and a consultant as compensation.

TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release.

About Urbanimmersive

Urbanimmersive develops and commercializes real estate photography technologies and services focused on redefining industry visual content standards. The Company's all-in-one platform enables high-volume photography businesses to increase operational productivity delivering feature-rich 3D tours and floor plans, leading-edge property websites and high-resolution AI-indexed images. The Company's operating segments include software (SaaS), 3D photography equipment and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. Learn more at urbanimmersive.com.

Caution of Forward-Looking Statements

Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management estimates or opinions change.