Skip to main content

Urbanimmersive Announces the Nomination of a New Chairman of the Board

Written by Customer Service on . Posted in Public Companies.

LAVAL, Quebec, May 04, 2020 (GLOBE NEWSWIRE) — Urbanimmersive Inc. (“Urbanimmersive,” the “Company” or “UI”) (TSX VENTURE: UI) (OTC PINK: UBMRF) is pleased to announce today that Mr. Jean-François Grou is appointed Chairman of the Board of Urbanimmersive, succeeding Mr. James McDonald who has been the Chairman since 2011. Mr. McDonald will continue to serve as Board member to ensure a smooth transition and to provide enough time to nominate a new Board member. These changes are effective immediately.
Along with serving on the Board of Directors of Urbanimmersive since December 2017, Mr. Grou acted as President and Chief Operating Officer (COO) of Rideau Recognition Inc., a Canadian technology company with nearly 250 employees having offices in Canada and in the US. Before this role, Mr. Grou was CEO and Director of 20-20 Technologies Inc., a Quebec-based technology company previously listed on the TSX with nearly 550 employees located in 13 different offices worldwide.“It has been an honour to serve as Urbanimmersive Chairman of the Board for the last nine years, but the time has come to slow down my business activities. As Chairman, Jean-François’ solid knowledge of the immersive software technology industry and his insights about the Company will greatly benefit the Board of Directors and Urbanimmersive. In these exciting and promising times for the Company, I have no doubt that Jean-François, with the support of the entire team, will pursue Urbanimmersive’s journey and contribute in his own way to the Company’s success while building on UI’s current momentum,” said James McDonald.“It is a privilege to be nominated by the Board as the incoming Chairman. I look forward to assuming my new responsibilities as Chairman of the Board and I intend to ensure that we continue to deliver on our promising business growth plan. On behalf of the Board, the Management team and all its employees, I would like to thank James for his guidance, expertise, commitment and support over the past nine years brilliantly overcoming business challenges in order to maintain the Company on the route of success,” said Jean-François Grou.TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release.About UrbanimmersiveUrbanimmersive (“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 StatementsCertain 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
ghislainlemire@urbanimmersive.com
www.urbanimmersive.comSimon Bédard, CA, CPA, CFA, MBA
Chief Financial Officer
514 394-7820 X 224
simonbedard@urbanimmersive.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.