Urbanimmersive on Buying Spree for Real Estate Photography Agencies15998
Pages:
1
 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
| Urbanimmersive Media Release --- ---  Screen Grab courtesy of Urbanimmersive Editor's Note: Interested in selling your real estate photography business? Urbanimmersive - parent company of Tourbuzz – is on a buying spree! --- Urbanimmersive Acquires Immophoto SAINT-HUBERT, Quebec, Nov. 24, 2021 -- Urbanimmersive Inc. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE: UI) (OTCQB: UBMRF) is pleased to announce having closed the acquisition of all the outstanding shares of the real estate photography agency Agence Immophoto Inc. ('Immophoto') for a total purchase price of $500k, of which $300k payable immediately, $100k payable by the immediate issuance of 103,093 shares of the Company at a price of $0.97 per share and $100k payable in shares 12 months following closing, conditional on Immophoto's meeting revenue growth milestones. All issued shares are subject to a four-month and one-day holding period until March 24, 2022. This new acquisition allows the Company to pursue its accelerated growth plan announced in June 2021 and follows the recent integration successes of the real estate photography service businesses EGP Technovirtuel, La Clique Mobile, and Graphique ID acquired in June 2021. Immophoto, a client of Urbanimmersive, is one of the top players in the Quebec market for high-end real estate photography services, which complements the Company's real estate photography service offer in Quebec and consolidates its position of strength in that market. Immophoto is a growing and profitable business that generated revenues of $518k for its last fiscal year has a diversified clientele mainly in the greater Montreal area, a vast experience, and a solid reputation in the market. Caroline Gaudreault, president of Immophoto, former president of the Professional Association of Real Estate Photographers of Quebec ('APPIQ'), has a strong influence in the Quebec market and brings with her a vast network of contacts. "Over the past few months, we are proud to have been able to successfully integrate our first acquisitions of real estate photography agencies. This success can be measured first of all by the rapid adoption of our monthly subscription packages offered at a competitive price and which include photography services, property websites, 3D tours with floor plans, and a basic version of UiMeet3D. We also benefited from the onboarding of large new customers interested in our packages and all this while maintaining our operating margins and increasing our recurring revenues. As a result, the timing couldn’t be better to add Immophoto and its experienced team to our Group, which represents a strategic and complementary addition to the Group and which was able to brilliantly meet the challenge of growing the business in an unfavorable real estate market,” said Ghislain Lemire, President, and CEO of Urbanimmersive. "We are delighted to join the Urbanimmersive Group, a leader in technological solutions for real estate marketing. This will allow us to greatly enhance our product offering to our clients and to benefit from additional resources to better serve our customers and continue to grow,” said Caroline Gaudreault, President and CEO of Immophoto. Tours Virtuales The Company also completed the acquisition of all intangible assets of the Mexican photography service businessTours Virtuales for a total purchase price of $22,000, including $7,000 payable in cash immediately and $15,000 payable by the immediate issuance of 15,464 shares of the Company at a price of $0.97 per share. All the shares issued are subject to a holding period of four months and one day until March 24, 2022. This acquisition should allow the Company to increase its activities in Mexico and promote, through its experienced reseller already established in Mexico, its 3D marketing solutions, in particular its monthly packages, as well as its 3D photography equipment, in this vast and promising market (population of 126 million). TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release. About Immophoto Immophoto, founded in 2011, is a business that offers high-end real estate photography services, having completed over 2,000 photo shoots in the past year. To learn more, visit: www.immophoto.ca About Urbanimmersive Urbanimmersive develops and commercializes real estate photography technologies and services focused on redefining industry visual content standards. The Company's all-in-one platform enables high-volume photography businesses to increase operational productivity by 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), 360 camera hardware, and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. For more information, visit: www.urbanimmersive.com -- Source: Urbanimmersive |
||
| Post 1 • IP flag post | ||
 3D RenderingsAEC Elevation Drawings Montreal, Québec |
ArchimedStudio private msg quote post Address this user | |
| Immophoto is my direct competitor (and ran by a VERY nice lady and great human being)... I'm surprised they "only" made just above $500K last year with at least 5-10 people in the team... This is very close to what I'll make this year, and it's only me (+ my wife that assist me with administration)... Maybe they should buy me too (but my soul is NOT for sale!)  Let's see if they keep their share of the high-end market, or if they convert Immophoto into a 10-houses-a-day-per-photographer type of company. If they do, it's too bad, because Immophoto is basically the only company that charges relatively close to my prices (probably the highest in the province). I do wish them well because they deserve it! Cheers, Matt |
||
| Post 2 • IP flag post | ||
|
WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
 Screen Grab from Urbanimmersive SAINT-HUBERT, Quebec, Dec. 06, 2021 -- Urbanimmersive Inc. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE: UI) (OTCQB: UBMRF) is pleased to announce having completed the acquisition of all the limited partnership interests of the real estate photography agency Virtual Access Tours LP ('VAT') for a purchase price of $CAD 961k ($449k paid in cash and $513k paid through the immediate issuance of 585,829 shares of the Company at a price of $0.875 per share) plus contingent share payments (earn-outs) totaling up to $US 450k, with up to $US 225k payable in 12 months and up to $US 225k payable in 24 months, both share payments being conditional on VAT minimum revenue growth milestones to be met over the next two years. All shares issued today are subject to a 12-month lock-up period until December 3rd, 2022. This new acquisition reaches a new milestone in the Company’s growth plan with its first real estate photography full-service business acquired in the United States. VAT, a client of Urbanimmersive, founded in 2004 and based in Jackson, New Jersey, is a well-established and well-known full-service real estate marketing firm offering state-of-the-art photography and virtual tours, automated marketing systems, web site designs, floor plans and myriad of other marketing services to help realtors market themselves and their listings better. VAT is strategically located in between high-density regions of New York City and Philadelphia. VAT revenues for its last fiscal year were totaling $US 559k. "We are proud of having acquired Virtual Access Tours, a long-standing client of Urbanimmersive which is a strong promotor of our 3D marketing solutions, including UiMeet3D, and to welcome Michael and Cathy Basch, former owners of VAT to our team. This strategic acquisition also opens up new growth and cross-selling opportunities in the North-Eastern US territory”, said Ghislain Lemire, President and CEO of Urbanimmersive. "We are delighted to join the Urbanimmersive Group, a leader in real estate 3D marketing solutions which shall enhance our marketing product offering with their innovative 3D solutions and assist us in growing our business further”, said Michael Basch, President of Virtual Access Tours. TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release. About Virtual Access Tours Virtual Access Tours, founded in 2004, is a full-service real estate photography service based in the state of New Jersey, having completed over 2,000 photo shoots in the past year. To learn more, visit . virtualaccesstours.com. 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), 360 camera hardware and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. For more information, visit urbanimmersive.com. Source: Urbanimmersive --- @ArchimedStudio Urbanimmersive continues to acquire real estate photography agencies. This might be a good time to reach out to Urbanimmersive Looks like if you use the Tourbuzz platform powered by Urbanimmersive, it might be helpful to get acquired by Urbanimmersive. Best, Dan |
||
| Post 3 • IP flag post | ||
|
WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
 Screen Grab courtesy of Urbanimmersive --- Editor's Note: Interested in selling your real estate photography business? Urbanimmersive - parent company of Tourbuzz – is on a buying spree! --- SAINT-HUBERT, QC , Dec. 13, 2021- Urbanimmersive Inc. ("Urbanimmersive", the "Company" or "UI" (TSXV: 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. All shares issued today and on January 3rd, 2022 are subject to a 6-month minimum holding period.This major strategic acquisition in the US will significantly expand the Company's US presence in complementary regions and set the table for significant growth and cross-selling opportunities between IMOTO photo service customers, UI SaaS customers and RocketPhoto marketplace. IMOTO is one of the top real estate photography service agencies in the US with a presence in 11 US states, a strong coverage in the Southern states and having generated revenues of $US 3.3m for its last fiscal year. RocketPhoto is a nationwide real estate photography marketplace platform with more than 450 active photographer profiles representing nearly every state in the US. "We are very proud having completed the acquisition of IMOTO and RocketPhoto and welcome their experienced team within the Group. Those recent acquisitions should consolidate further our leading position in North America as a business with fully-integrated real estate marketing service, accelerate further the adoption of our 3D tours and our subscription packages, add complementary expertise and bring new best practices within the Group", said Ghislain Lemire , President and CEO of Urbanimmersive. "I am very pleased, along with our IMOTO team, to join Urbanimmersive Group, a worldwide leader in real estate 3D marketing solutions, both as a member of the Management team and as a shareholder, and to have the opportunity to contribute in bringing this new Group to the next level", said Darryl Glade , President of IMOTO. TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release. About IMOTO and RocketPhoto IMOTO is a real estate photo agency business with its head office located in New Orleans, Louisiana (US). Founded in 2009, IMOTO has a diversified real estate customer base having realized > 18,000 photoshoots last year with a presence in 11 states (imoto.com). RocketPhoto is a US nationwide real estate photography platform network with > 450 active photographer profiles representing nearly every state in the US. Think Airbnb or Upwork, but specifically for real estate photography (Rocketphoto.com). 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), 360 camera hardware and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. For more information, visit: www.urbanimmersive.com |
||
| Post 4 • IP flag post | ||
|
WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
| Video: Urbanimmersive Announcement | Video courtesy of IMOTO photo YouTube Channel | 15 December 2021 | ||
| Post 5 • IP flag post | ||
|
WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
 Saint-Hubert (Quebec), December 16th, 2021 - Urbanimmersive Inc. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE: UI) (OTCQB: UBMRF) is pleased to announce having completed the acquisition of all the shares outstanding of the real estate photography agency Agento Marketing ('Agento') for a purchase price of $1.2M, paid through the immediate issuance of 1,518,987 shares of the Company at a price of $0.79 per share plus a contingent share payment (earn-outs) totaling up to $600k payable in 12 months and conditional on Agento minimum revenue growth and EBITDA margin milestones to be met over the next year. All shares issued today are subject to a minimum 4-month hold period until April 16, 2022. Agento is a fast-growing and profitable real estate photography service business strategically located in the Gatineau/Ottawa (Canada) region with a diversified customer base serving high profile real estate brokers. Agento revenues for its last twelve months ending Oct. 31, 2021 were totaling $840k. "We are proud to having completed the acquisition of Agento, a leading brand in real estate photography within their territories which had experienced significant growth over the last few years and which is driven by three skilled and successful entrepreneurs who will be joining our Group. This strategic acquisition should also help our UI Signature brand in Ontario to expand its coverage and consolidate further the Ontarian market”, said Ghislain Lemire, President and CEO of Urbanimmersive. "We are delighted to join Urbanimmersive Group, a world leader in real estate 3D marketing solutions which shall enhance our marketing product offering with their innovative 3D solutions and assist us with their human, technological, customer support and administrative resources to allow us to focus on expanding our business furthermore”, said Emilio Ousset, President of Agento Marketing. TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release. About Agento Marketing Agento Marketing, founded in 2017, is a full-service real estate photography service based in Gatineau (Quebec), having completed over 5,000 photo shoots in the past year. To learn more, visit. fr.agento.marketing. 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), 360 camera hardware and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. For more information, visit urbanimmersive.com. |
||
| Post 6 • IP flag post | ||
|
WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
 www.Urbanimmersive.com  Screen Grab: www.HomeVisit.com Urbanimmersive 3D virtual tour example courtesy of Urbanimmersive Urbanimmersive Doubles in Size with Acquisition of CoreLogic's HomeVisit Saint-Hubert (Quebec), Tuesday, October 11, 2022 - Urbanimmersive Inc. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE (“TSXV”): UI) (OTCQB: UBMRF) is pleased to announce having signed a final purchase agreement for the acquisition of all the interests of the real estate photography agency, HOMEVISIT, LLC (“HomeVisit”) from CORELOGIC SOLUTIONS, LLC (“CoreLogic”) for a total purchase price of $CAD 9,000,000 paid through: 1) the issuance of Company’s common shares equal to 19.9% of the shares outstanding on a non-diluted basis at closing, at a price per share equal to the volume weighted average closing price of the Company’s common shares on the TSXV for the five trading days immediately prior to the Closing Date, less any applicable discount under the TSXV discount rule and 2) through the issuance of a 5-year Secured Promissory Note (“Note”) for the balance of the purchase price, bearing interest at 7.50% per annum and capitalized to the Note. A working capital of $US 1,200,000 will have to be delivered by HomeVisit at closing. The Note (along with the capitalized interests) can be repaid in cash partly or fully at any time by Urbanimmersive prior to maturity. All shares to be issued are subject to a 4-month minimum holding period. CoreLogic will have a right to nominate up to two Board members or observers on the Board of Directors of Urbanimmersive. Closing of this transaction at arms’ length is subject to the approval of the TSXV and other customary closing conditions. HomeVisit is a leading provider of visual content marketing focused real estate solutions, including property listing photography, videography, 3D tours, drone imagery, printing services and other related services and having generated revenues of $US 7.83M (~ $CAD 9.8M) for its last unaudited fiscal year ended December 31, 2021. The acquisition of HomeVisit will be the most important acquisition made by Urbanimmersive since its inception in 2007. It is also considered by UI’s management to be the most strategic one as it will significantly expand the Company’s presence in many regions in the US, brings new product offerings and is setting the table for significant growth and cross-selling opportunities with CoreLogic Group. HomeVisit was acquired by Corelogic in 2019. CoreLogic is a leading global property information, analytics, and data-enabled solutions provider, headquartered in Irvine, CA (USA), operating in North America, Western Europe and Asia Pacific, covering markets such as real estate and mortgage finance, insurance, capital markets and public sectors and being the #1 provider of multiple listing technology in North America. CoreLogic serves over 1.2 million real estate professionals through data-driven insights to help clients make informed decisions (www.corelogic.com). Like all previous Urbanimmersive acquisitions, the HomeVisit brand will remain in the forefront to customers. All day-to-day operations of HomeVisit will be integrated on Urbanimmersive’s Photography Enterprise Resource Planning application in the upcoming months. Once completed, HomeVisit’s customers will benefit from UI’s online ordering system offering Guaranteed Hours Booking experience, easy-to-order 3D marketing packages and UiMeet3D video conferencing Prime Subscriptions. “We are excited to welcome HomeVisit, a well established and respected brand in the industry to Urbanimmersive’s portfolio of brands today. While this represents a significant acquisition that is expected to double the revenues of the Urbanimmersive Group and makes us a clear leader as a tech-powered real estate photography service business in North America, we are proud of having reached with CoreLogic a transaction which will enable us to not use our working capital in short and mid-term, giving us the necessary leeway to build value for our investors. We are also happy and feel privileged to welcome CoreLogic as a strategic partner and shareholder of Urbanimmersive”, stated Ghislain Lemire, President and CEO of Urbanimmersive. "I am very pleased, along with our HomeVisit and CoreLogic teams, to partner with Urbanimmersive Group. For us, Urbanimmersive has clearly demonstrated to have robust business solutions to successfully integrate HomeVisit, add value to our mutual customers buying experience while bringing state-of-the-art 3D and floor plan solutions. We could not have found better hands to take care of our HomeVisits’ customers”, said Devi Mateti, Managing Director at CoreLogic. The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts no responsibility for the adequacy or accuracy of this release. Investor Video Conference Call UI will be hosting a video conference to discuss this press release and answer questions at 1:30 p.m. (ET) on Tuesday, October 11, 2022. To participate to the video conference, please use this Zoom link. About HomeVisit HomeVisit, located in Chantilly, Virginia (USA), is a leading provider of marketing focused real estate solutions, including property listing photography, videography, 3D tours, drone imagery, printing services and other related services. For more information: homevisit.com 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), 360 camera hardware and, in a growing number of North American cities, technology-powered real estate photography service business units leading the industry photo-shoots standards transformation. For more information: urbanimmersive.com Urbanimmersive Links 1. Urbanimmersive Website 2. Urbanimmersive Franchise Network (micro-website) 3. Urbanimmersive Facebook Page 4. Urbanimmersive YouTube Channel 5. Urbanimmersive LinkedIn Page 6. Urbanimmersive on Twitter 7. Urbanimmersive VP, Business Development and Partnerships François-Hugues Liberge |
||
| Post 7 • IP flag post | ||
Pages:
1This topic is archived. Start new topic?