Mr. Alen Paul Silverrstieen reports
IMAGINEAR ANNOUNCES THAT MAJOR NORTH AMERICAN SPORTS & ENTERTAINMENT COMPANY IS MOVING FORWARD WITH AUGMENTED REALITY SOLUTION; CONTRACT IS IMMINENT
ImagineAR Inc. has been put on notice by a major North American sports and entertainment company (NASEC) that a contract is imminent.
As with all large commercial contracts, the company wants to clearly state there is a risk this deal may not close and cannot yet provide any assurances that it will close. However, ImagineAR is of the opinion that all major hurdles have been dealt with and the path is now clear to contract. Given the size of the NASEC and potential time necessary between the company's recent notification and actual completion of an agreement, ImagineAR felt this is sufficiently material news that warrants immediate disclose to its shareholders, even before the formal contract is awarded.
Alen Paul Silverrstieen stated: "We are taking the extraordinary step of advising our shareholders of an imminent material agreement with NASEC because we now expect it to be formalized in short order. I want to emphasize that no formal agreement has been executed and that we cannot provide any potential dates for or assurances of completion."
Discussions with major brands and retailers for augmented reality solutions to engage and activate consumers
ImagineAR is taking this opportunity to advise shareholders that it is in various stages of discussions with several major brands and retailers, which recognize the important role the company's augmented reality solution can play in delivering both consumer engagement and activation during this unprecedented time. Though none of these discussions have risen to the imminent status of NASEC, the company can confirm that some are at advanced discussion stages.
ImagineAR joins Global Sports Innovation Center
ImagineAR has just joined the GSIC (Global Sports Innovation Center) powered by Microsoft with headquarters in Europe. Earlier this month, ImagineAR was one of the 16 top-ranked start-ups of the 2020 WFS StartCup by GSIC World Football Summit and Global Sports Innovation Center and presented its fan engagement augmented reality platform to the judging panel. Finalists are expected to be announced on July 27, 2020.
The GSIC facilitates synergies and provides its partners with value-added services that enable sports entities and companies to grow and develop with the help of experienced professionals in different environments such as finance, innovation and product development.
About ImagineAR Inc.
ImagineAR is an 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, 3-D 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.
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