Urbanimmersive Will Still Hold Its Annual General Meeting and Offer Shareholders to Participate by Videoconference

LAVAL, Quebec, March 24, 2020 (GLOBE NEWSWIRE) -- In response to the most recent measures taken by the Government of Quebec in the fight against COVID-19, Urbanimmersive inc. ("Urbanimmersive", the "Company" or "UI") (TSX VENTURE: UI) (OTC PINK: UBMRF) will offer its shareholders the opportunity to participate to the Annual General Meeting ("Meeting") of the Shareholders by videoconference with Zoom using the following link: https://urbanimmersive.zoom.us/j/598469663.

The Company confirms that, in accordance with its by-laws, only one person holding in person or by proxy at least 20% of the voting shares of the Company will be present at the Meeting. Therefore, the required quorum will be met and the Meeting will be duly constituted.

TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release.

About Urbanimmersive

Urbanimmersive ("UI") is a leading B2B Software-as-a-Service ("SAAS") marketing solution for professional photographers and other 3D immersive visual content providers, particularly for the real estate market ("Proptech"). Its unique SaaS platforms (UI, Tourbuzz) offer AI-backed pay-per-use solutions to produce high-quality 3D environments and improve customers operational productivity. Its proprietary core technology is a 3D emulator powered by a visual content recognition post-production algorithm that delivers high-quality, unique and cost-effective alternatives to traditional 3D engines for the creation of 3D immersive environments. The Company also resells complementary photography equipment through its subsidiary Immersolution.

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 Inc.
Ghislain Lemire
President & CEO
514-394-7820 X 202
[email protected]
www.urbanimmersive.com

Simon Bédard, CA, CPA, CFA, MBA
Chief Financial Officer
514 394-7820 X 224
[email protected]