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IPNFF) announces that its subsidiary, FameDays, has been selected as the Technology Program Leader for a 50,000-square-foot immersive entertainment center planned for 2024 in the southern United States

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ImagineAR signs binding letter of intent with 4Front Development New York City Get a minority share of FameDays

Vancouver, British Columbia, June 26, 2023 /CNW/- Imagine AR (CSE: IP) (OTCQB: IPNFF), an augmented reality company that enables sports teams, brands and businesses to instantly create their own immersive AR experiences, today announced that its wholly owned subsidiary FameDays has been selected by 4Front Development (“4 front”) as technical project leader for a newly planned immersive entertainment center within the Southern State Tourism and Residential District U.S. (the project”). In addition, ImagineAR signed a binding letter of intent (“interest index”) in partnership with 4Front, whereby 4Front will acquire a minority stake in FameDays Inc. (“trade“).

ImagineAR Logo (CNW Group/ImagineAR Inc.)

ImagineAR Logo (CNW Group/ImagineAR Inc.)

The 4Front development is expected to include a hotel, residences and an entertainment park southern america. Current plans include a 50,000-square-foot interactive entertainment center offering state-of-the-art experiential activities for adults and children. FameDays, led by CEO Alen Paul Silverrstieen, intends to offer a destination mobile app and work with global suppliers to develop immersive entertainment, virtual and augmented reality and mixed reality experiences in futuristic indoor theme park designs. The project is expected to open to the public in autumn and winter 2024.

Chris EddyCo-Founder of 4FRONT DEVELOPMENT said: “We have been focusing on large-scale projects integrating hospitality, entertainment and technology. After nearly two years of hard work, we are ready to plan, finance and build this new 2100-acre commercial district and southern residential project U.S. It will include 1,168 hotel rooms, a rental and apartment complex, townhomes, single-family homes, and indoor and outdoor water parks and an immersive entertainment center.work closely with alan paul Over the past year, we selected FameDays as a major technology project leader to develop one of the most advanced immersive entertainment centers integrated with mobile technology and deliver a true next-generation experience to consumers.Our plan is to partner with other selected cities U.S. Provide future technology entertainment center, energy, transportation and infrastructure. ”

Alen Paul Silverrstieen, CEO and co-founder of ImagineAR and FameDays, said: “We are honored to have been selected for the technology project led by Chris and his team at 4Front Development. Our strategy was to design a futuristic immersive entertainment destination with a unique experiential games, interactive art and music utilizing augmented reality, mixed reality, 360-degree projection, motion capture and artificial intelligence. This is our company’s transformation from a mobile AR platform to a global provider of immersive entertainment for consumers, and Generating new revenue streams.”

acquisition terms

Both parties signed a binding letter of intent June 23, 2023Under the agreement, FameDays will be the exclusive mixed reality, augmented reality, virtual reality and immersive experience vendor and provider for the project.

4Front will lead fundraising efforts for at least $2 million (“Finance”) in FameDays. Upon closing of the financing, 4Front will exclusively award and designate FameDays for all current and future 4Front developments and partnerships, as well as any other mixed reality, augmented reality, virtual reality and immersive experience vendors and providers for which 4Front will invest in the future. Development production. In exchange for the stated exclusivity and financing, FameDays will issue to 4Front Development common stock equivalent to 49% of the issued and outstanding common stock of FameDays Inc. following the financing.

About 4Front Development LLC

4 front-end development is a New York-based firm that specializes in helping startups and established companies achieve and grow their scope, mission, and goals. 4FRONT facilitates meeting the needs and aspirations of our clients and partners by providing real estate, financial and business development strategies and solutions. 4FRONT’s focus areas include renewable energy, entertainment, hospitality, medtech, insurtech, education, commercial and residential real estate development, disaster relief and cryptocurrency.

About ImagineAR

Imagine AR Inc. (CSE: IP) (OTC: 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 events without programming or technical experience. Every organization, from professional sports franchises to small retailers, can use ImagineAR to develop interactive AR campaigns that blend the real and digital worlds together. Customers can instantly interact with videos, information, ads, coupons, 3D holograms and any interactive content by simply pointing their mobile devices at logos, signs, buildings, products, landmarks and more, all hosted in the cloud and Manage using a menu-driven portal. Integrated real-time analytics means all customer interactions are tracked and measured in real-time. ImagineAR mobile app is available on IOS and Android mobile app stores. The platform is available as a native mode SDK.

For more information or to explore working with ImagineAR, please email info@imaginear.comor visit www.imagineAR.com.

All trademarks are the property of their respective owners.
represent the board of directors
i’m going to paul sierti
President and Chief Executive Officer

CSE has not reviewed and assumes no responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information and forward-looking statements do not represent historical facts or information or current conditions, but represent only the company’s beliefs regarding future events, plans or objectives, many of which are inherently uncertain and beyond the company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “anticipates” or “does not expect,” “anticipates,” “budget,” “schedule,” ” “estimates”, “forecasts”, “intends”, “anticipates” or “does not expect” or “believes”, or variations of such words and phrases, or may include statements that certain actions, events or results “may”, “may,” “would,” “may” or “will take,” “will continue,” “will happen,” or “will be achieved.” Forward-looking information and forward-looking statements contained herein may include, but are not limited to, statements about the company’s revenue , information on the ability to launch new initiatives and successfully achieve business objectives, and expectations of other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the company cautions readers that such information and statements are subject to known and unknown risks, uncertainties and other factors that could cause the company’s actual results, levels of activity , performance or achievements are materially different from those expressed or implied by such information and statements. In addition, the company makes certain assumptions regarding the forward-looking information and forward-looking statements contained in this news release. Key factors that could cause actual results to differ materially from those projected in forward-looking information and statements are as follows: changes in general economic, business and political conditions, including changes in financial markets; changes in applicable laws; compliance with a wide range of governmental regulations. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying forward-looking information or statements prove incorrect, actual results may differ from expectations, plans, Expected, believed, estimated or projected results are materially different.
Although the Company believes that the assumptions and factors used in preparing forward-looking information and statements and the expectations contained therein are reasonable, undue reliance should not be placed on such information and statements and no assurance or assurance can be given that such forward-looking information and statements will prove to be accurate because actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this news release, and the company undertakes no undertaking to update any forward-looking information and/or forward-looking statements contained or contained herein. Except as referenced herein, subject to applicable securities laws. All subsequent written and oral forward-looking information and statements attributed to or on behalf of the company expressly qualify all of this notice.

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SOURCE ImagineAR Inc.

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View original content Download multimedia: http://www.newswire.ca/en/releases/archive/June2023/26/c1615.html

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