IMOTO is a real estate photo agency business with its head office located in New Orleans, Louisiana (US).
Those recent acquisitions should consolidate further our leading position as fully-integrated real estate marketing services in North America, accelerate even more the adoption of our 3D tours and subscription package, bring additional expertise and new best practices within the group”, said Ghislain Lemire, President and CEO of Urbanimmersive.įor more information on how the acquisition will affect current IMOTO customers, please visit: /imoto/urbanimmersiveimoto. "We are very proud having completed the acquisition of IMOTO and welcome their experienced team within the group. President of IMOTO, Darryl Glade, said: "I am very pleased, along with our team, to join Urbanimmersive Group, a worldwide leader in real estate 3D marketing solutions, both as a member of the management team and a shareholder, and to have the opportunity to contribute in bringing this new group to the next level.” By integrating IMOTO’s real estate photography services with Urbanimmersive’s Saas and 3D marketing solutions, the group will provide real estate customers across the US with an unprecedented, fully-integrated real estate media experience. The company, which was founded in New Orleans, LA in 2012, currently specializes in real estate photography. This major strategic acquisition will significantly expand Urbanimmersive’s US presence and set the table for significant growth.Īs one of the top real estate photography companies in the US, IMOTO serves nearly 2,000 brokerage offices across 11 states.
Urbanimmersive Inc.IMOTO has been acquired by Urbanimmersive, effective December 13th, 2021.
#Imoto photo update
The Company assumes no obligation to update forward-looking statements should circumstances or management estimates or opinions change. 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. Actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that such statements will prove to be accurate. These uncertainties may cause actual results to differ from information contained herein. 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.
Article contentĬertain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. This advertisement has not loaded yet, but your article continues below. All shares issued today and on January 3rd, 2022 are subject to a 6-month minimum holding period.
#Imoto photo plus
(“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE: UI) (OTCQB: UBMRF) is pleased to announce having completed the acquisition of all the units of the real estate photography agency IMOTO LLC (‘IMOTO’) and all of the units of Stilio LLC, owner of the real estate marketplace RocketPhoto for a total purchase price of $5.0M with $1.8M paid in cash at closing, $297k paid through the immediate issuance of 349,828 shares of the Company at a price of $0.85, $2.7M paid through issuance of 3,157,115 shares of the Company at a price of $0.85 per share on January 3 rd, 2022, $0.2M as a balance of sale payable upon approval of the closing financial statements, plus contingent share payments (earn-outs) totaling up to $2.3M payable in 3 equal annual payments of up to $771k each, with payments being conditional on IMOTO minimum revenue growth milestones to be met over the next three years. 13, 2021 (GLOBE NEWSWIRE) - Urbanimmersive Inc.
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