Fantasy 360 Technologies Inc. d/b/a Immersive Tech ("Immersive Tech", "Fantasy 360", or the "Company") (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF) is pleased to announce that, it will change its name to XR Immersive Tech Inc. (the "Name Change"), effective as of February 3, 2022. The Company's stock symbols will remain unchanged. The Company's new CUSIP is 98383L104 and its new ISIN is CA98383L1040.
Tim Bieber, CEO of the Company states, "The Company has been known as "dba Immersive Tech" since its launch in 2017 and we believe the name change to XR Immersive Tech Inc. is more reflective of our overall business and strategic focus on XR (extended reality) experiences for our customers. Now our company name aligns with our overall mission to provide hyper-immersive Metaverse experiences for our users and to build tools for creators to utilize the cutting edge of VR and AR technology to further expand opportunities in the Metaverse."
Shareholders are not required to exchange existing share certificates for new share certificates bearing the Company's new name. The Name Change does not affect the rights of the Company's shareholders and no further action is required by existing shareholders.There is no change in business associated with the name change.
The team behind Fantasy 360 Technologies is a blend of accomplished executives coming together under CEO, Tim Bieber (BroadbandTV, CBS Interactive), Director of Franchise Development, Steven Dooner (The VOID, Walt Disney Imagineering, Universal Studios Japan), Kevin Williams (Walt Disney Imagineering, Spider Entertainment), Dan Burgar (VRAR Association President, Shape Immersive), Lance Priebe (co-founder Club Penguin, Disney Interactive) as well as its Directors Alvin Wang Graylin (HTC China President, Virtual Reality Venture Capital Alliance President)