Mr. Alen Silverrstieen reports

IMAGINEAR PREPARES FOR 2024: FOCUS ON GENERATIVE AI, NEW MARKETS, AND PATENT PORTFOLIO LICENSING

ImagineAR Inc. has provided investors with the following December corporate update.

Alen Paul Silverrstieen, CEO of ImagineAR, stated, "This has been an extremely challenging year for the company driving new revenue growth. Our primary focus has been raising capital in which we ultimately exceeded our expectations with $1,196,575 this calendar year. We are going to expand the markets for the Company's technology in 2024 and are optimistic to achieve revenue growth in our newly stated opportunities."

Integrating Generative AI into the ImagineAR Global SDK Platform

Alen Paul Silverrstieen, CEO of ImagineAR, stated, "Incorporating AI into AR holographic experiences can lead to more interactive, engaging, and personalized communication seamlessly integrating the digital and physical worlds, making AR more captivating, from sports, entertainment, and education to industrial and healthcare."

ImagineAR, a Microsoft Azure Certified Partner since 2018, is planning to integrate Azure OpenAI in 2024 which provides access to OpenAI's powerful language models including GPT-4, GPT-3.5-Turbo, Codex, DALL-E, and Whisper. The Company is exploring key strategic partnerships to develop these new AI/AR integration application opportunities.

Expand into New Markets

In 2024, the Company is broadening its focus into new vertical markets that can increase mobile app ROI with the existing ImagineAR SDK platform as well as potential AI/AR Interactive experiences. New targeted markets include college, retail, entertainment and casino gaming.

Patent Portfolio Licensing

The Company has been in contact with legal firms to unlock the value of its patent portfolio as well as potential patent enforcement.

The Company is expected to file its audited 2023 financial statements and MD&A for the Year ending August 31, 2023, on SEDARplus this month.

This News Release is available on the company's official Verified Discussion Forum On AGORACOM, a moderated social media platform that enables discussion and Q&A between Management and Shareholders.

About ImagineARImagine AR Inc. (CSE: IP) (OTCQB: IPNFF) has developed an "AR-as-a-Service" platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK.

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