Mr. Alen Silverrstieen reports

IMAGINATION PARK TO SHIFT EXCLUSIVE FOCUS TO CLOUD-BASED ENTERPRISE AUGMENTED REALITY PLATFORM ACQUISITION OF THE XENOHOLOGRAPHIC PRODUCT DEVELOPMENT TEAM

Imagination Park Entertainment Inc. has recently completed its XenoHolographic Inc. transition to now solely focus on providing the XenoHolographic product suite, one of the first platform-agnostic, cloud-based augmented reality enterprise platforms in the world. With the recent acquisition of XenoHolographic, Imagination Park owns 100 per cent of all right, title and interest in all of XenoHolographic's intellectual property and technology and plans to immediately move to monetize these assets.

In supporting this transition, the company has significantly reduced its involvement and investment in film content. Under the restructuring, remaining content staff will focus on content for the augmented reality software.

Acquisition of the XenoHolographic product development team

The acquisition of XenoHolographic has brought with it the addition of chief product officer Rodney Guzman and six new full-time developers to the company's XenoHolographic California office. Chief strategy officer Tim Huckaby will be working closely with the development team and Imagination Park to promote, market and sell the XenoHolographic product suite throughout North America. Imagination Park is already in licensing discussions with customers and partners, allowing them to upload, manage and deploy their AR content.

"AR has been talked about for a long time, but until XenoHolographic product suite, AR was hard to create, manage and deploy," said Mr. Guzman. "With my team now focused full-time on our AR platform, we are rapidly adding new features as the market quickly evolves. This next year is going to be exciting as we execute against a full product road map."

Alen Paul Silverrstieen, chief executive officer of Imagination Park, said: "With a full-time dedicated senior development team overseeing our cloud-based enterprise AR platform solution, Imagination Park is now positioned to add further market-leading enhancements to our software. Additionally, we are currently pursuing new strategic partnerships and opportunities with leading brands interested in using AR to enhance customer engagement."

About Imagination Park Entertainment Inc.

Through its wholly owned subsidiary XenoHolographic, Imagination Park creates novel holographic content and provides augmented reality products for phones and wearable headsets, as well as rapid deployment of AR solutions, without the need for developers, while integrating artificial intelligence (AI) and blockchain.

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