 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
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. 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 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. | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |