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ImagineAR Inc
Symbol IP
Shares Issued 253,836,033
Close 2023-11-10 C$ 0.04
Market Cap C$ 10,153,441
Recent Sedar Documents

ImagineAR client Queens Park Rangers to use AR SDK

2023-11-13 12:23 ET - News Release

Mr. Alen Silverrstieen reports

IMAGINEAR ANNOUNCES FIRST UK PROFESSIONAL SOCCER CLIENT, QUEENS PARK RANGERS FOOTBALL CLUB, LAUNCHING INTERACTIVE MOBILE AUGMENTED REALITY FAN EXPERIENCES

ImagineAR Inc.'s first United Kingdom soccer team client, the Queens Park Rangers of the EFL (English Football League) Championship League, will integrate AR (augmented reality) fan engagement campaigns this season focused in its fan zone. This revenue-sharing agreement makes the Queens Park Rangers the first UK Professional Soccer team to integrate the ImagineAR Augmented Reality SDK Platform to deliver fan immersive experiences.

Euan Inglis, Commercial Director of Queens Park Rangers Football Club, "We are really excited about the engagement opportunities with our supporters that partnering with Imagine AR is going to bring. Augmented Reality is such an immersive technology that the enhancement it will bring to our matchday, and digital activities is significant, which we are really excited about."

Alen Paul Silverrstieen, CEO of ImagineAR, stated, "ImagineAR is truly honored to sign our first UK Soccer team. Urban Zoo, the QPR app developer, is one of the leading UK Soccer team mobile app providers and we are expecting this winter launch will be a showcase of our AR sports fan platform to the EFL and other leagues."

ImagineAR is pleased to announce it has signed a media service agreement with Sully Entertainment Group LLC ("Sully") dated August 23, 2023, to provide national/international communications services and broadcast services. In consideration for the services provided by Sully, the company will make an initial cash payment of $20,000 USD, and $6,000 USD monthly payments for a six-month period. The Company will also issue 1,400,000 restricted common shares of the Company at a deemed price of CAD $0.05 in two allotments, one for 700,000 at the end of the first three months on December 1st, 2023, and the remaining 700,000 at the end date of the agreement term being March 1st, 2024. The stock restriction period is four months hold upon issuance.

The Company has entered into an agreement with Gurdip (Gary) Panaich, a director of the Company, and another individual pursuant to which the Company will issue 5,000,000 shares to each of them at a deemed price of $0.05 per share for them providing a refundable deposit into escrow on behalf of the Company for the potential purchase of a property located in the Southern United States. The shares will be subject to a four month hold period.

About ImagineAR

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) is a self-publishing augmented reality (AR) platform that enables businesses 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. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage 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 AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.

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