Thursday, February 15, 2018 5:20:48 PM
1.Opened an office in China and is planning to expand sales activities related to both original content and augmented reality technology commencing the first quarter of 2018.
REVENUE GENERATING PROJECT ANNOUNCED COSTS BORNE BY CHINA
Imagination Park Entertainment Inc. (CSE: IP) (OTC: IPNFF) (FRA: GMS1) (“Imagination Park” or “Company”) is very pleased to announce the Company’s first revenue-generating production for the Chinese entertainment market with C$750,000 budget to be received on February 15, 2018. The Chinese primetime television series, Always With You, is to be filmed in Vancouver, Canada for distribution in China by one of China’s largest privately-owned media production companies, Hairun Media & Entertainment Group Ltd. (“Hairun”).
2.The XenoHolographic product ecosystem will overcome the many hundreds of AR apps by delivering a platform for 3D holographic content delivery with a single mobile app to render all AR experiences. At XenoHolographic, we are pioneering the integration of AR with Artificial Intelligence (AI). AI is used to convert spoken language to text for the AI chatbot to provide an interactive experience embedded within a hologram. XenoApp is targeted to be released by March 2018 which will position XenoHolographic to deliver AR holographic platform experiences on both IOS and Android globally'
3.January 30, 2018 – Imagination Park Entertainment Inc. (CSE: IP) (OTC: IPNFF) (FRA: GMS1) (“Imagination Park” or “Company”) is pleased to announce that XenoHolographic Inc. (“XenoHolographic”) has been formally engaged to create and deliver the Aurora Games Festival AR Mobile App (IOS and Android). The Aurora Games Mobile App will include XenoPlay featuring 3D content managed in the XenoCloud, live streaming and scoring of events, and ability for fans to collect AR holographic content and trade them with each other as “Trading AR Collectibles” integrated with blockchain technology. The Mobile App is expected to be launched September 2018.
4.The Aurora Games, which will debut in 2019, will be a week-long celebration of women in sports supported by a festival of entertainment, culture and education. Details of the event, including the dates and awarding of the host city and venue will be announced shortly.
Two general statements re 2018 from ALEN (PAUL) SILVERRSTIEEN CEO and president anticipates $6 – 10 million (or more) in revenue this year for IP. His original projection for 2018 was $3 million so this is a huge step up. Paul said they are looking at acquisitions and mergers to help achieve this revenue milestone.
He also stated that IP is targeting a NASDAQ uplist this year (2018).
Quite a list and we are seeing movements already. But patience is required as all projects are in development. Be hopeful and cautious.
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