Urbanimmersive Launches a Franchise Program

Date Online: 2022-09-01

SAINT-HUBERT, Quebec, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Urbanimmersive Inc. (“Urbanimmersive,” the “Company” or “UI”) (TSV-V UI) (OTCQB: UBMRF) is proud to announce the launch of a franchise program for its 3D photography solutions. This franchise program fits with the Company's accelerated growth plan announced in June 2021 aimed at expanding the Company's activities more quickly and increasing the adoption of its technological solutions for all photographers. This program therefore complements the strategy of acquiring well-established real estate photography agencies in selected territories in North America with the goal of integrating Company’s SaaS products to 2D/3D photography services offered, and which has already resulted in the acquisition of not less than 8 real estate photography agencies over the last 15 months (corporate franchises) and which should continue in the future, in addition to the sale of franchises, given the successful integration of those businesses acquired so far. The franchise program is particularly aimed at full-time photographers working alone or with a small team and who wish to 1) differentiate themselves by offering to their clients innovative value-added 3D technological solutions while having access to a state-of-the-art photography management platform ('ERP'), including online ordering and instant appointment booking, as well as additional internal services offered ‘à la carte’ for the creation of floor plans and photo edition and 2) obtaining support for administration, customer service, marketing and sales, so that photographers can devote all their time to what they do best and where their interests, which is photography. Urbanimmersive offers many tools that franchisees will benefit from including the photography including the ERP platform, a route optimization system, a fully-automated payroll system, single property websites, 3D tours, 2D and 3D floor plans and 3D photography equipment offered at low cost. “The full range of 3D solutions that Urbanimmersive can afford to offer photographers is unmatched. Additionally, the valuable experience gained in running real estate photography agencies and the accountability and governance requirements of being a public company make Urbanimmersive an ideal franchisor. In addition, numerous studies and discussions with our photographer clients in the past confirm that the main challenges facing photographers are their productivity, profitability and work-life balance, which the franchise program perfectly addresses,” said Ghislain Lemire, President and CEO of Urbanimmersive. Urbanimmersive's extensive network of customers in North America using its 3D technology solutions or having acquired 3D photography equipment should provide quick and direct access to a pool of photographers likely to become franchisees, many of whom have already showed interest. This newly launched complementary franchise program is managed with an experienced in-house team which should make it possible to both secure the Company's existing clientele, strengthen its brand image and increase its revenues, without any required investment nor financing need. For more information on the franchise program: https://www.urbanimmersive.com/urbanimmersive_franchises_network?lang=eng . TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release. About Urbanimmersive Urbanimmersive develops and commercializes real estate photography technologies and services focused on redefining industry visual content standards. The Company all-in-one platform enables high-volume photography businesses to increase operational productivity delivering feature-rich 3D tours and floor plans, leading-edge property websites and high-resolution AI-indexed images. The Company operating segments include software (SaaS), 3D photography equipment and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. Learn more at urbanimmersive.com . Caution of Forward-Looking Statements Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management estimates or opinions change. For more information, please contact: Urbanimmersive Ghislain Lemire President & CEO 514-394-7820 X 202 ghislainlemire@urbanimmersive.com Simon Bédard, CA, CPA, CFA, MBA Chief Financial Officer 514 394-7820 X 224 simonbedard@urbanimmersive.com



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