Urbanimmersive Provides Business Updates
14 Februar 2023 - 3:00PM
Urbanimmersive Inc. (“Urbanimmersive,” the “Company” or “UI”)
(TSV-V UI) (OTCQB: UBMRF) is pleased to provide some business
updates.
Expansion of MLS Connection
PartnersSince the acquisition of HomeVisit in October 2022
and its new partnership with CoreLogic, Urbanimmersive has rapidly
expanded its MLS Connection Partner Program by going from one to 25
MLS connected partners, including some of the largest MLS in the
real estate market. The MLS Connection Partner Program enables real
estate agent members to use their MLS credential to login on the
Urbanimmersive Private Enterprise Resource Planning (‘PERP’)
platform. This connection greatly eases new client onboarding as
well as usage of the Urbanimmersive platform. In most cases, it
also involves a co-marketing effort with the MLS to promote
Urbanimmersive real estate photography services.
CoreLogic Data Exchange
AgreementIn January 2023, Urbanimmersive has entered into
a long-term data exchange agreement with CoreLogic. This agreement
enables Urbanimmersive to get access to real time listing property
data where CoreLogic MLS systems are used and where the data
exchange is accepted by the MLS. In exchange, Urbanimmersive
provides CoreLogic with a right of use of the visual content
produced by Urbanimmersive owned real estate photography
businesses. The listing data will be used by Urbanimmersive to
automatically populate single property websites while providing a
clear productivity advantage over the competition where most of the
time, listing data are manually keypunched. The automatic data
exchange also enables Urbanimmersive to deliver photoshoot orders
automatically once photographers upload their visual content the
providing an important advantage in terms of delivery time.
Formal launch of a new subscription
membershipFollowing a full year of fine-tuning,
Urbanimmersive has recently formally launched a new growth
initiative called “Prime” to all its clients. Prime is a monthly
membership program, fully enabled by Urbanimmersive’s PERP, which
can be delivered in customizable ways across all of
Urbanimmersive’s growing list of brands and franchises.
Targeted primarily for real estate agents, Prime
membership pricing start at $30 per month and enables convenient,
attractively priced bundled access to a high-quality suite of real
estate photography and marketing services - including 3D tours, 2D
floor plans, single property websites and flyers added to every
photography order. Prime members can also access to the
cutting-edge UiMeet3D metaverse product which enables real-time,
interactive video home tours between real estate agents and their
client avatars inside of the 3D tour itself. Prime is already
seeing adoption from a cross-section of real estate agents in North
America. Prime subscription offering has been made available
recently to all HomeVisit customers via the following link:
https://www.homevisit.com/prime.
Urbanimmersive Marketplace Major
UpdatesLaunched in 2015 and used since by Centris in
Quebec, one of the largest networks of real estate agents member in
Canada with more than 13,000 members, Urbanimmersive Marketplace
gathers both real estate photographers and real estate agents to a
centralized transactional marketplace. This marketplace is fully
powered by the Company’s PERP, where mission-critical real estate
marketing services from photographers can be ordered, paid and
delivered efficiently. During the last couple of months,
Urbanimmersive has performed major functionality updates to the
marketplace with the objective of rolling it out in other regions.
The updates include among other features, the integration of
Tourbuzz Single Property Website, multi-time zones scheduling
facility, guaranteed hours booking option and more. The business
model attached to the marketplace is expected to be recurring and
high margin, but more importantly support organic revenue growth
via a fly-wheel marketing effect which attracts and retains both
real estate photographers and real estate agents on Urbanimmersive
PERP.
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 202ghislainlemire@urbanimmersive.com
Simon Bédard, CA, CPA,
CFA, MBAChief Financial Officer514 394-7820
X 224simonbedard@urbanimmersive.com
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