First, I was drafting a posting last evening urging shareholders to read the M&A filing by IPNFF issued yesterday. I believe the information re the multiple actions and broad diversification of products being developed by the company is enlightening and positive for the future. I will enclose some of the areas in this posting. Just a taste of what is in the M&A. Subsequently, I will post an amended news release out this morning re the filing- an amendment made to be compliant with Exchange requirements.
This list is merely a short selection to give shareholders a reason to view the entire M&A filing
"XENOHolographic, a worldwide joint venture between Imagination Park and InterKnowlogy originally announced on July 5, 2017, is focused on delivering products, services, and content seamlessly enabling holographic experiences within augmented and mixed reality beginning in the Fall of 2017. XENOHolographic’s premiere product, unveiled for the first time here as XENOSidekick, will enable major manufacturers’ headsets to deliver consistent holographic interactions. Currently, few AR/Mixed Reality headsets support interactions and further, those that do, do so uncooperatively. There are no existing standards for these wearable glasses. XENOHolographic plans to sell and license software tools to solve these technical issues for content providers, headset manufacturers as well as advertisers
Pursuant to an additional agreement, Ohmore has the option to fund up to 12 short films and Virtual Reality (“VR”) based films for the Company by March 8, 2018 with Ohmore contributing up to a maximum of $45,000 per film. If Ohmore choses the option to fund a film: i) Ohmore will share the copyright based on a pro-rated basis of what is financed by Ohmore. ii) Ohmore will get the exclusive right to premiere the videos worldwide on its sites. The Company will be only able to use the short films as Proof of Concepts to attempt to get financing for features, tv series, web series, or VR based projects. Ohmore will have first right of refusal to finance or partially finance any feature film or TV series from the Proof of Concepts for a period of 2 months after the Proof of Concept or short film is done.
Imagination Park thereby now holds a 5% net profit carried interest in Juarez 2045 and retains the right to earn up to a 7.5% interest by sourcing and closing a domestic distribution deal for the film as well. At present, the Juarez 2045 project has received several distribution proposals, and both Imagination Park and Abrupt films are now working to close global distribution rights for the film and finalize a release date, subject to the discretion of the project's ultimate distribution partner(s).
Karma VR - Virtual Reality Project
The current project is VR Zombies Experience; A man watching a zombie movie is stunned to find out the zombie apocalypse is real when some real zombies enter his man cave and begin breaking his toys. The project is completed and is planned for release in 2017.
Other Virtual Reality Projects The Company has four virtual reality productions that are completed and planned for release in 2017."
The discussions of financials reveals the company is spending large sums with hopefully revenues to follow. This business requires "upfront" expenditures to produce products that will be profitable. So the negative reports are to be expected with management attempting to minimize the debt while it develops revenue-generating products. The nature of the beast!!
