IMAGINATION PARK ENTERS INTO SHARES FOR SERVICES AGREEMENTS
Imagination Park Entertainment Inc. has entered into shares-for-services agreements with two consultants of the company. The company shall allot and issue such amount of common shares equivalent to $10,500 per month, based on the market value of the company's shares at the time of issuance.
The company determined to pay the consultants in shares in order to preserve its cash for operations. All shares to be issued pursuant to the agreements will be subject to a four-month and one-day hold period commencing on the time of issuance.
Further, the company announces that Sheldon Inwentash has resigned from the company's Advisory Board. The company wishes to thank Mr. Inwentash for his contributions and wishes him the best in all his future endeavors.
About Imagination Park
An emerging leader in digital content production, Imagination Park creates and delivers transformational experiences through the production and distribution of intellectual property for film, virtual reality, augmented reality & mixed reality in North America and China. An emerging leader in digital content production, Imagination Park creates and delivers transformational experiences through the production and distribution of intellectual property for film, virtual reality, augmented reality and mixed reality in North America and China.
Through its wholly-owned subsidiary, XenoHolographic, it creates novel holographic content and provides augmented reality products for phones and wearable headsets, as well as rapid deployment of AR solutions, without the need for developers, while integrating artificial intelligence (AI) and Blockchain.
