Urbanimmersive (TSXV:UI) to extend solutions to new markets

• Urbanimmersive (UI) has signed a reseller agreement with Canaview Real Imaging, for the territories of Indonesia and Australia
• Under the agreement, Canaview will identify potential customers for the company in these countries, and help them buy Urbanimmersive’s solutions
• As consideration for its services in finding new customers, Canaview will receive commissions based on sales
• The company believes that these two new markets represent a strong growth opportunity for its real estate photography technology
• Urbanimmersive remains unchanged and is currently trading for 9.5 cents per share

Urbanimmersive (UI) has signed a reseller agreement with Canaview Real Imaging, for the territories of Indonesia and Australia.

Under the agreement, Canaview will identify potential customers for the company in these countries, on a non-exclusive basis. In addition to finding new customers, Canaview will also help them to buy and use Urbanimmersive’s real estate photography solutions.

Canaview is well-suited to this role, as a result of its considerable experience of Indonesia’s photography market. The visual content specialist has full-time staff which previously operated a photography business in Indonesia.

In addition, Canaview has already engaged a local manager to start building up the sale pipeline. In return for its services in enrolling new customers, Canaview will received commissions based on sales as compensation.

Urbanimmersive believes that these two new markets represent a strong opportunity for growth. The real estate industries in both Australia and Indonesia have experienced solid growth in recent years, creating demand for Urbanimmersive’s 3D real estate photography solutions. 

The company’s President and CEO, Ghislain Lemire, commented on what the new reseller arrangement with Canaview means for the business.

“This new reseller agreement is another step forward of our multi-channel growth strategy to scale the business, diversifying our activities geographically,” he said. 

“As we are gaining experiences in negotiating those reseller agreements and onboarding them in our day-to-day business, we feel we could soon start investing in reaching more of them going forward,” he added.

Urbanimmersive remains unchanged and is trading for 9.5 cents per share, as of 9:30am EST.