Home Entertainment company Fantasy 360 Technologies Secures ACT to Provide Two UNCONTENT VR Attraction Units for New Mixed-Use Entertainment Center in Las Vegas

Fantasy 360 Technologies Secures ACT to Provide Two UNCONTENT VR Attraction Units for New Mixed-Use Entertainment Center in Las Vegas

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VANCOUVER, British Columbia, December 9, 2021 (GLOBE NEWSWIRE) – Fantasy 360 Technologies Inc. d / b / a Immersive Tech (“Immersive Tech”, “Fantasy 360” or the “Company”) (CSE: VRAR) (FSE: 79W) (OTCQB: FNTTF) is pleased to announce that it has signed a non-binding letter of intent on December 6, 2021 (the “LOI”) with a leading immersive entertainment company for production and sale two “VR” reality attraction units, for a new mixed-use entertainment facility proposed for the Las Vegas Strip.

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Tim Bieber, CEO of the company, said, “The company showcased its UNCONTAINED VR unit, making its show debut, at the International Association of Amusement Parks Expo in Orlando, Fla., November 16-19, 2021. L The autonomous virtual reality unit was positive as users were able to experience our unique product in person. Since the Expo, we have seen a strong interest in our VR units and are happy to announce our first post-Expo LOI order. We look forward to working with this leading location-based experiential entertainment company to create a new immersive experience in the heart of the Las Vegas Strip and showcase our technical and creative expertise. “

In accordance with the terms of the letter of intent, the Company will be responsible for the engineering, procurement of materials, fabrication of transport and assistance with the installation of two (2) 40 foot units. The Letter of Intent may be terminated by either party and is subject to negotiation of any Custom VR Unit Changes and negotiation of a Definitive Agreement (the “Final Agreement”) within. 30 days to guarantee the priority of production and delivery.

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The team behind Fantasy 360 Technologies is a mix of accomplished executives brought together under the leadership of CEO Tim Bieber (BroadbandTV, CBS Interactive), Director of Franchise Development, Steven Dooner (The VOID, Walt Disney Imagineering, Universal Studios Japan) , Kevin Williams (Walt Disney Imagineering, Spider Entertainment), Dan Burgar (president of the VRAR association, Shape Immersive), Lance Priebe (co-founder Club Penguin, Disney Interactive) as well as his directors Alvin Wang Graylin (president of HTC China , President of Virtual Reality Venture Capital Alliance).

On behalf of the Board of Directors,

Tim bieber
Director and Chief Executive Officer
Fantasy 360 Technologies Inc. d / b / a Immersive Tech
https://www.immersivetech.co/

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For more information on Immersive Tech, please contact:

Investor Relations Contact – Tim Bieber
E-mail: [email protected]

Phone: + 1-604-283-3029

ABOUT FANTASY 360 TECHNOLOGIES INC. D / B / A IMMERSIVE TECH

Fantasy 360 Technologies builds the physical metaverse. Since 2016, the company has been an industry leader in social entertainment, virtual reality (VR) and augmented reality (AR) attractions. With its UNCONTAINED hardware platform and Uncontained / OS software platform, the company helps its stakeholders create user experiences unmatched in terms of realism, depth and immersion. The company is building experiences on its platforms for some of the world’s largest companies including: Intel, Bayer, Capital One, Scotiabank, US Food and Drug Administration, Allegiant Airlines and more.

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Forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by the use of the words “believes”, “could”, “plans”, “will”, “plans”, “intends”, “could”, “estimates”, “s ‘expects to’, ‘plans’,’ ‘projects’ and similar expressions, and the negative of such expressions. The forward-looking information contained in this press release includes statements regarding the listing of Immersive Tech and the commencement of trading on the CSE.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by this forward-looking information. Forward-looking information is based on reasonable assumptions, estimates, analyzes and opinions of management in light of its experience and perception of trends, current conditions and expected developments, and other factors that management considers relevant and reasonable in the circumstances on the date on which such statements are made. Although the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in the forward-looking information, other factors may cause results not to be as expected. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this document is qualified in its entirety by this cautionary statement, and Immersive Tech disclaims any obligation to revise or update such forward-looking information or to publicly announce the result of any revision of one. forward-looking information contained herein to reflect future results, events or developments, except as required by law. Neither CSE nor its regulatory services provider (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this release.

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