Condensed News since 2018 TSX-V : UI.V ------ OTCQB : UBMRF For release date of the NR, please refer to the Source which has the date in it. Acquisition of TOURBUZZ The acquirer plans to offer 3,500,000$ USD. Tourbuzz has thousands of photographers which performs over 250,000 photoshoots per year using Toubuzz’s solutions. For the fiscal year of 2017, Tourbuzz had 7x more revenue than Urbanimmersive and does not have long term liabilities.
Source:
https://stockhouse.com/news/press-releases/2018/04/04/correcting-and-replacing-urbanimmersive-announces-the-signature-of-a-binding Acquisition of TOURBUZZ (Update) The owners has agreed to for the purchase of their business for $2,5m USD cash and $1,5m USD secured debenture (conversion at 0.125$) with 1,950,000 purchase warrants (0.25$)
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https://stockhouse.com/news/press-releases/2018/07/04/urbanimmersive-provides-update-on-the-acquisition-of-tourbuzz-llc Acquisition of TOURBUZZ (Closing) Closure of the acquisition, UI owns TB.
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https://stockhouse.com/news/press-releases/2018/09/05/urbanimmersive-announces-the-closing-of-the-acquisition-of-tourbuzz-llc UI signs agreement with Zillow The company signed an Image Data Feed agreement with Zillow. The businesses using the company’s platform will have their visual content transferred (optional) on Zillow’s RE portal.
This will create visibility for UI’s services as photographers will be made aware of it.
Source:
https://stockhouse.com/news/press-releases/2018/10/30/urbanimmersive-signs-an-image-data-feed-agreement-with-zillow Urbanimmersive Introduces Its Artificial Intelligence Image Identification Machine Learning Application The system will now identify the picture’s room location rather than having the photographer having to type it in manually, saving time! This was taken from TourBuzz’s IP.
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https://stockhouse.com/news/press-releases/2018/11/20/urbanimmersive-introduces-its-artificial-intelligence-image-identification Agreement with PhotoUP PhotoUp is a Photo Editing Service to save photographer’s time on editing. The agreement will allow for logic editic that would fit best for the environment. Furthermore, the majority of PhotoUp users aren’t Urbanimmersive’s users which may lead to an increase awareness of their brand.
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https://stockhouse.com/news/press-releases/2018/12/04/urbanimmersive-announces-the-signing-of-a-partnership-agreement-with-photoup-an UI is mentioned in article about AI and Image Recognition technology Image Recognition Market is set to reach $77.69B by 2025! Obviously this is general and not necessarily for the RE market, but UI was mentioned for their tech on Room recognition AI!
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https://stockhouse.com/news/press-releases/2019/03/06/ai-and-image-recognition-technology-set-to-change-the-future-of-marketing UI to launch its own Photo Editing services They’ve done some surveys and found out that the challenges for the Full-time photographers is about productivity. So, in order to have a nice life balance, they turn their post-editing to external services. According to their research, post-editing usually cost from 0.50$ to 3$ per image. As more than 10m images\year transit through UI, this kind of service would be beneficial for them and the photographers. Right now, the service of photo editing is offered to a few customers until full release. With their AI, they believe they could have an AI taking care of the photo editing as well. By summer (of that year), HDR will be implemented into their photo-editing.
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https://stockhouse.com/news/press-releases/2019/06/20/urbanimmersive-to-launch-photo-editing-services-with-machine-learning UI launches 3D pocket Websites (long report, look directly at source for details) So, it mixes both single property webite with 3D virtual tour. Prior to this, if visitors wanted to access a 3D tour, they had to go through a third-party website \ required a download\plugin. With 3D Pocket Websites, they’re able to fit everything together with no plugins, download or visiting another website which makes things more accessible for everyone. It can be downloaded on USB and used offline as well. More details, read source.
Source :
https://stockhouse.com/news/press-releases/2020/02/11/urbanimmersive-launches-3d-pocket-websites-tm-a-new-generation-of-websites UI purchases Immersolution UI purchases the company in consideration of 291,142$
- 80,000$ cash
- 130,000$ in shares (2,000,000 shares at 0.065$/share)
- 41,142$ as assumed debt
- 40,000$ payable in the next 180 days, subject to a minimum revenue target during that period.
The company resells 360 camera hardware and more. Gross revenue for the 12 months ending Dec 31
st 2019 was at 807,000$ *1
Source :
https://stockhouse.com/news/press-releases/2020/02/13/urbanimmersive-announce-the-acquisition-of-immersolution-a-canadian-reseller-of PixVid offers UI’s 3D Pocket Websites A customer of UI will provide the service to its own customers due to popular demand.
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https://stockhouse.com/news/press-releases/2020/05/19/pixvid-one-of-the-fastest-growing-photography-businesses-in-the-us-to-offer FastOffice partners with UI A commercial RE technology company which provides “data visualization platform for marketing and managing commercial real estate office space“ has partnered with the company. They plan to use the company’s 3D solution as a cost-effective way to complete projects. The partnership will grant FO access to UI’s network of photographers to service their commercial customers. Parties also agreed to integrate their tech to offer a final product to OF’s clients.
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https://stockhouse.com/news/press-releases/2020/05/21/fastoffice-a-commercial-real-estate-virtual-staging-provider-chooses Virtual Access Tours to use the company’s 3D Pocket Webiste One of the top 20 largest customers of UI will use their 3D Pocket Website service. This is due to high demand because it is cost-effective.
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https://stockhouse.com/news/press-releases/2020/06/02/virtual-access-tours-one-of-the-largest-new-york-and-new-jersey-photography UI Integrates Local Logic Neighbourhood Information into 3D Pocket Tour Essentially it allows the buyer to see how the neighborhood is in terms of scoring system when it comes to schools, groceries, entertainments, etc. It’s simplifies everyone’s work as it has all the info in a snap of a finger. It will be integrated into the 250,000 property tours they have which had a total of over 14m unique visitors in 2019.
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https://stockhouse.com/news/press-releases/2020/06/25/urbanimmersive-integrates-local-logic-neighbourhood-information-to-its-3d EGP TechnoVirtuel selects UI as preferred service for 3D tours and floor plans provider Title says it all, the company will use UI’s services for their customers, but will not necessarily be exclusive as their website also offers Matterport.
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https://stockhouse.com/news/press-releases/2020/11/24/one-of-canada-s-largest-photography-services-agencies-selects-urbanimmersive-as UI resells its solution in Mexico A reseller will offer UI’s services in Mexico which has 3x more population than Canada.
- Signed agreement with a reseller
- New subsidiary in Mexico
- Added Mexico to allow reselling of their hardware
Immersolution, since inception has generated over $2.0m in Canada (mid- Feb 2020)
*1 The company resells 360 camera hardware and more. Gross revenue for the 12 months ending Dec 31
st 2019 was at 807,000$
Source :
https://stockhouse.com/news/press-releases/2020/11/30/urbanimmersive-to-sell-its-solutions-in-mexico UI launches iOS & Android UI capture App for Ricoh Theta Z1 360 Camera The app allows the photographer to connect into the camera through the app on their phone and takes care of all of the settings. Essentially, it simplifies the content creation processes and post-production. They do plan on making it compatible with other cameras in the future. They will also add more features in the app in the future as well!
Version 2.0 released mid-march 2021. Update info (app store source): - Manage projects directly on the app
- Build projects floors saving time
- Create\store many projects
- Upload\process directly in TourBuzz when project is complete
- New scene system
- Notes
- Delete images in Ricoh’s Camera directly from the phone once the project is processed
- App uses optimum\automatic value of the Ricoh Camera to produce HQ HDR images.
It shows the company is actively improving their services! Source :
https://stockhouse.com/news/press-releases/2020/12/03/urbanimmersive-launches-ios-and-android-ui-capture-app-for-ricoh-theta-z1-360 Youtube :
https://www.youtube.com/watch?v=cN5FWCjUbI4 UI to sell in Australia & Indonesia Reseller agreement with Real imaging Ltd. Will target potential customers and assist them with the use of UI’s services. Will be compensated with sales commissions.
Source :
https://stockhouse.com/news/press-releases/2020/12/08/urbanimmersive-to-sell-its-solutions-in-indonesia-and-australia UI commences cross-trading in OTCQB venture market Source : https://stockhouse.com/news/press-releases/2020/12/16/urbanimmersive-commences-cross-trading-on-the-otcqb-xae-venture-market
UiMeet3D Creation (MAJOR) Agents & buyers are able to navigate through the virtual tour as avatars! (Webcam chat / text chat)
Highlights:
- 3D avatars with multi-users
- New lead generation tool for online marketers
- First move in 3D tour industry
- Endorsed by many
- New way of revenue
- Capable of VR use
No need for downloads or plugin which is amazing as it simplifies it’s use for everyone.
It is currently in limited Free-to-Use version but will have a premium edition. Check source for more details.
Source:
https://stockhouse.com/news/press-releases/2021/01/07/urbanimmersive-brings-3d-tours-social-with-uimeet3d Positive Image (Chicago) to offer UI’s 3D tours with UiMeet3D Cost-effective and high demand.
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https://stockhouse.com/news/press-releases/2021/02/12/positive-image-one-of-the-largest-photography-businesses-in-the-chicago-area-to Insta360 grants the company with the distribution of their 3D cameras Can resell their cameras and if I understand correctly, it will be compatible with their app too!
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https://stockhouse.com/news/press-releases/2021/02/16/insta360-granted-urbanimmersive-distribution-of-their-3d-cameras UI signs LOI with MLS Market Leading Mobile App Prospects.com Both parties will share their resources in order to integrate UI’s 3D tours tech into Prospects app & software. Both companies agreed in principle on the profit-sharing model and more, but this LOI will only work if the integration is doable.
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https://stockhouse.com/news/press-releases/2021/02/25/urbanimmersive-signs-letter-of-intent-with-mls-market-leading-mobile-app NA police department selects UI’s services. On annual licensing fee, the department will utilize their services. Mostly due to its capability of being used offline. Read news for full details.
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https://stockhouse.com/news/press-releases/2021/03/04/one-of-the-largest-police-department-in-north-america-selects-urbanimmersive-s Ui files for patents They started to file for patents in connection of their UiMeet3D, they’ll look also into other services which may be patented as well.
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https://stockhouse.com/news/press-releases/2021/03/08/urbanimmersive-filed-first-patent-applications-relating-to-uimeet3d-upcoming UI forces debenture conversion Cleaning their balance sheet, lots of numbers, but price is at 0.125$ should be completed by EO March 2021.
Source :
https://stockhouse.com/news/press-releases/2021/03/09/urbanimmersive-announces-forced-conversion-of-debentures DISCLAIMER :
Information taken from Stockhouse News sections, I’ve made it reduced to make it easier for everyone, but mistakes could of slipped in as human error or misunderstanding of the NR. Not responsible for anything, personal research. Not being paid to do this, not affiliated with anyone, I am a shareholder. Not any form or shape of recommendations, do your own research.