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UI.V - Urbanimmersive Technologies

Discussion in 'Canadian Stocks' started by Theoilguy55, Sep 10, 2015.

  1. Theoilguy55

    Theoilguy55 New Member

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    UI.V Quarterly Results Ending June 30th2015
    Price: $0.03
    Common Shares: 25,047,045 (Does not include recent director pp for 2 million shares at 5c)
    Insider/Institutional Holdings: 16,778,587 (67%) Does not include recent pp for 2 million shares)

    Financials

    Assets
    Cash: $109,483
    Receivables: $269,626
    Tax Credits: $16,925
    Prepaid Expenses: $14,006
    Security Deposit: $11,385
    Loans to employees: $24,513
    Property & Equipment: $239,737
    Intangible Assets: $104,920
    Goodwill: $91,817
    TOTAL ASSETS: $882,412

    Liabilities
    Bank Loan: 0
    Payables: $383,768
    Due to shareholder: $510
    Portion of long-term debt: $70,426
    Long-Term Debt: $139,048
    Convertible Debentures: $119,616
    TOTAL LIABILITIES: $713,368



    MD&A Highlights

    Based in Laval, Quebec, Canada, Urbanimmersive is a digital media company dedicated to the online real estate market. The company provides marketing content production services and innovative technology solutions specifically designed to increase productivity and business revenues of its customers. The company's customers are primarily home builders, promoters, real estate brokers, brokerage agencies and real estate portals operators.

    HIGHLIGHTS

    • Signature of a two year agreement with one of the largest Canadian real estate brokerage websites RE/MAX Québec, for the use of Urbanimmersive’s blog platform;

    • Signature of a Memorandum of Understanding with Centris for the establishment of a 5 years strategic partnership agreement to commercialize Urbanimmersive’s real estate visual contenu providers marketplace;

    • 51% reduction of the operating expenses and a 48% reduction of the net loss when compared to the corresponding period of the previous year.

    • Financing of $200,000 through a private placement of common shares;



    ACHIEVEMENTS


    During the third quarter of fiscal year 2015, the Corporation has continued its reorganization efforts in order to focus on the development and commercialization of its two new web platforms; being the online marketplace linking real estate agents and visual content providers as well as the content marketing production and distribution platform (blog).



    Although the two new web platforms emphasize the use of its AVU3D immersive technology, their monetization models are not solely focused on selling immersive tours. The monetization of the online marketplace is based on transaction fees charged on each service ordered, while the monetization of the content marketing platform is based on advertising and service revenues. The commercialization of these new platforms is made directly with real estate organizations and business partners as opposed to the sale of immersive tours which required face to face meetings with real estate agents.



    Consequently, the new web platforms allow the Corporation to operate with less professional resources previously dedicated to the production and promotion of AVU3D immersive tours. This partly explains the reduction in operating expenses over the same quarter of the previous fiscal year.



    Although revenues for the third quarter remained stable compared to the corresponding quarter of the previous fiscal year, it is already possible to see a change in the distribution of revenue sources. Revenues from the production of immersive tours have decreased 76% which was offset by new revenues coming from the previously announced agreements with the APCHQ and Re/Max Quebec for the blog platform. These new revenues consist mainly of content production services to supply client blogs and advertising revenues.



    During the third quarter of fiscal year 2015, the Corporation completed a $200,000 financing through a private placement of common shares. Two Directors of the Corporation participated in the placement. This funding has allowed the Corporation to continue its development activities and commercialization of new web platforms.



    The Corporation announced on August 12 the signing of a Memorandum of Understanding with Centris for the establishment of a 5 year strategic partnership agreement to commercialize Urbanimmersive’s real estate visual content provider marketplace. Centris® is the organization that operates the real estate portal Centris.ca and that provides technology resources to more than 14,000 real estate agents. The Corporation management believes that the commercialization of the marketplace by the largest Quebec real estate organization and its expertise in the industry will accelerate the generation of new revenue streams for Urbanimmersive. However, it is too early to estimate the value of the agreement and there is no guarantee that the income generated by the marketplace will have a significant impact on the business of the Corporation in the short term. The success of the Urbanimmersive marketplace is reliant upon the adoption of the platform by the network of real estate agents and visual content providers.



    Most recent news:

    Urbanimmersive arranges $100,000 private placement

    2015-08-21 14:36 MT - News Release



    Mr. Ghislain Lemire reports

    URBANIMMERSIVE TECHNOLOGIES ANNOUNCES A $100,000 FINANCING THROUGH A NON-BROKERED PRIVATE PLACEMENT OF COMMON SHARES

    Urbanimmersive Technologies Inc. intends to complete a non-brokered private placement with some of its directors and officers to raise gross proceeds of $100,000. Urbanimmersive expects to issue two million common shares at the price of five cents per share.

    The net proceeds will be used to finance Urbanimmersive's current operations.

    Participation of insiders in the private placement constitutes a related party transaction as defined in Regulation 61-101 respecting protection of minority security holders in special transactions and Policy 5.9 of the TSX Venture Exchange. The private placement is exempt from the formal valuation and minority shareholder approval requirements of such regulations.

    The closing of the private placement is expected to occur on or about Aug. 28, 2015, and is subject to applicable regulatory approvals, including approval of the TSX Venture Exchange. All shares issued in the context of the private placement will be subject to a four-month-and-one-day hold period.

    We seek Safe Harbor.

    © 2015 Canjex Publishing Ltd. All rights reserved.
     
  2. Theoilguy55

    Theoilguy55 New Member

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  3. Theoilguy55

    Theoilguy55 New Member

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    Urbanimmersive arranges $364,000 private placement

    2015-11-19 09:57 MT - News Release


    Mr. Ghislain Lemire reports

    URBANIMMERSIVE ANNOUNCES A $364,000 FINANCING THROUGH A PRIVATE PLACEMENT OF UNITS

    Urbanimmersive Inc. intends to complete a private placement to raise gross proceeds of $364,000. Urbanimmersive expects to issue 7.28 million units of the corporation at the price of five cents per unit. Jones, Gable & Company Ltd. is acting as agent in connection with a portion of the private placement

    Each unit comprises one common share of the corporation and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of the corporation at a price of 7.5 cents per common share within the two-year period following the closing of the private placement.

    The net proceeds of the private placement will be used for sales and marketing initiatives, and to finance the current operations of the corporation.

    Participation of insiders in the private placement constitutes a related party transaction as defined in Multilateral Instrument 61-101 respecting protection of minority security holders in special transactions and Policy 5.9 of the TSX Venture Exchange. The private placement is exempt from the formal valuation and minority shareholder approval requirements of such regulations.

    The closing of the private placement is expected to occur on or about Nov. 24, 2015, and is subject to applicable regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in the context of the private placement will be subject to a four-month-and-one-day hold period.

    We seek Safe Harbor.

    © 2015 Canjex Publishing Ltd. All rights reserved.
     
  4. Theoilguy55

    Theoilguy55 New Member

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    Urbanimmersive closes $364,000 private placement

    2015-11-24 14:05 MT - News Release

    Mr. Ghislain Lemire reports

    URBANIMMERSIVE ANNOUNCES THE CLOSING OF A $364,000 FINANCING

    Urbanimmersive Inc. has closed the private placement announced on Nov. 18, 2015, for gross proceeds of $364,000. Urbanimmersive issued 7.28 million units at the price of five cents per unit. Each unit comprises one common share of the corporation and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of the corporation at a price of 7.5 cents per common share within the two-year period ending on Nov. 24, 2017.

    The net proceeds of the private placement will be used for sales and marketing initiatives and to finance the current operations of the Corporation.

    The directors of Urbanimmersive have participated in the private placement. Participation of insiders in the private placement constitutes a "related party transaction" as defined in Regulation 61-101 respecting protection of minority security holders in special transactions and Policy 5.9 of the TSX Venture Exchange. The private placement is exempt from the formal valuation and minority shareholder approval requirements of such regulations as the fair market value of the consideration for the private placement with respect to the related parties does not exceed 25% of the Corporation's market capitalization.

    Jones, Gable & Company Limited has acted as broker in connection with a portion of the private placement. The Corporation has paid a cash commission of $9,000 and has granted to Jones, Gable & Company Limited non-transferable broker warrants entitling it to acquire 180,000 common shares of the Corporation at a price of $0.075 per share within the 2 year period ending on November 24, 2017.

    All securities issued under the private placement were issued pursuant to exemptions from the prospectus requirements of applicable securities laws and are subject to a statutory resale restriction until March 25, 2016.

    We seek Safe Harbor.

    © 2015 Canjex Publishing Ltd. All rights reserved.
     
  5. Theoilguy55

    Theoilguy55 New Member

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    Urbanimmersive closes two software affiliation deals

    2015-12-16 12:42 MT - News Release


    Mr. Ghislain Lemire reports

    URBANIMMERSIVE PROVIDES CORPORATE UPDATES

    Urbanimmersive Inc. has provided an update of its corporate business developments.

    Financial situation

    The company recently stabilized its financial position primarily as a result of the last two private placements from accredited investors (officers and directors of the company) that total $464,000 and, secondly, by the settlement of debt for shares. Meanwhile, management continues to rationalize its operating expenses efforts to focus on investments in development projects to achieve profitability. The company considers to have sufficient short-term liquidity to execute its development plan. However, it may have to make additional fundraising before reaching profitability and/or to support a more aggressive growth plan, according to the business opportunities being in negotiation.

    Marketing content platform

    The company continued to invest in the technological development of its real estate marketing content platform. It now includes a visual content provider marketplace, an on-line store (e-commerce) offering exclusive texts from freelance writers, a management content system and a content discovery platform for advertisers. New revenue models are added with those features and includes income from services, commissions, transactions, subscriptions and advertising.

    Mandate to redesign the website of RE/MAX Quebec

    Urbanimmersive has recently finalized and delivered the new real estate website of RE/MAX Quebec. This new website will soon be on-line and includes an innovative property search field and a section of the real estate blog powered by Urbanimmersive. RE/MAX Quebec operates one of the most-visited brokerage real estate websites in Canada.

    Centris

    In August, 2015, the company announced the signing of a memorandum of understanding with Centris for the establishment of a strategic partnership to the local and international marketing of its real estate visual content provider marketplace. Discussions are progressing and allow to consider the signing of a final agreement in the coming weeks, as well as a deployment in early calendar 2016. Centris also recently confirmed that it will be using for its own purpose the Urbanimmersive's marketing content platform for Centris's blog section of its portal.

    Business development

    Urbanimmersive recently concluded two new affiliation agreements for the use of its real estate marketing content platform: one with the brokerage agency Proprio Direct and the other with Projet Habitation, a real estate Web portal operated by the company Publi-7. Proprio Direct has recently integrated the marketing content platform to its new real estate blog section, and Projet Habitation will perform the integration in early 2016. The Projet Habitation portal is one of the most visited new home and condo portal sites in Quebec. The company will continue its marketing efforts in order to conclude other affiliation agreements in the real estate market and will be targeting organizations outside Quebec.

    Thanks to the agreements concluded in 2015 with the APCHQ, RE/MAX Quebec, and recent business developments with industry leaders Centris, Proprio Direct and Projet Habitation, the company is taking a leadership position in the real estate marketing content market in Canada.

    We seek Safe Harbor.

    © 2015 Canjex Publishing Ltd. All rights reserved.
     
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