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• #IMOTO PHOTO NEW ORLEANS PROFESSIONAL#

This success can be measured first of all by the rapid adoption of our monthly subscription packages offered at a competitive price and which include photography services, property websites, 3D tours with floor plans, and a basic version of UiMeet3D. "Over the past few months, we are proud to have been able to successfully integrate our first acquisitions of real estate photography agencies.

#IMOTO PHOTO NEW ORLEANS PROFESSIONAL#

Caroline Gaudreault, president of Immophoto, former president of the Professional Association of Real Estate Photographers of Quebec ('APPIQ'), has a strong influence in the Quebec market and brings with her a vast network of contacts. Immophoto is a growing and profitable business that generated revenues of $518k for its last fiscal year has a diversified clientele mainly in the greater Montreal area, a vast experience, and a solid reputation in the market. Immophoto, a client of Urbanimmersive, is one of the top players in the Quebec market for high-end real estate photography services, which complements the Company's real estate photography service offer in Quebec and consolidates its position of strength in that market. This new acquisition allows the Company to pursue its accelerated growth plan announced in June 2021 and follows the recent integration successes of the real estate photography service businesses EGP Technovirtuel, La Clique Mobile, and Graphique ID acquired in June 2021. All issued shares are subject to a four-month and one-day holding period until March 24, 2022. (' Immophoto') for a total purchase price of $500k, of which $300k payable immediately, $100k payable by the immediate issuance of 103,093 shares of the Company at a price of $0.97 per share and $100k payable in shares 12 months following closing, conditional on Immophoto's meeting revenue growth milestones. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE: UI) (OTCQB: UBMRF) is pleased to announce having closed the acquisition of all the outstanding shares of the real estate photography agency Agence Immophoto Inc.

Editor's Note: Interested in selling your real estate photography business? Urbanimmersive - parent company of Tourbuzz – is on a buying spree!