Urbanimmersive Inc. Reaches an Affiliate Agreement with Sutton Quebec

Urbanimmersive Inc. Confirms its Business Model in Real Estate

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MONTREAL, Feb. 26, 2013 /CNW Telbec/ - Urbanimmersive Technologies Inc. («Urbanimmersive Technologies ») (TSX Venture Exchange: UI)  is pleased to announce the signing by its subsidiary Urbanimmersive Inc. of an affiliate agreement with Sutton Quebec, Services Immobiliers Inc. ("Sutton Quebec"), a leader in real estate with approximately 2,800 realtors across the province of Quebec and the Ottawa region. Through this agreement, which includes the licensing of the AVU3D® Urbanimmersive software, Sutton Quebec will benefit from optimal integration of immersive AVU3D® tours in its web infrastructure and thereby provide a powerful marketing tool on par with the latest online trends to its network of brokers.

"The real estate industry saw significant changes. To maintain our position as a technology leader, we must stay abreast of new trends." said Julie Gaucher, Vice-President and Chief Operating Officer of Sutton Quebec. "Social media and the web have become unavoidable. Beyond the unique visual experience, AVU3D® allows our brokers to serve their customers where they are: on the internet."

This agreement validates the value and potential of the AVU3D® immersive solution to the real estate brokerage market.

"We are pleased with this agreement that benefits both parties," says David Thomas, Vice-President of Sales for Real Estate Markets at Urbanimmersive. "Urbanimmersive confirms its business model in this priority sector and Sutton Quebec innovates once again by offering brokers a unique and forward thinking communication channel to serve their customers."

Real Estate Reinvented

AVU3D ® is a new emulation technology that allows a buyer to freely visit properties in 3D on the internet from a computer, tablet or smartphone. Visitors are represented by an avatar and can communicate with each other in the property recreated digitally from high resolution photos. Using a dashboard, the broker can see visitors navigating its listings in real time and may, at any time, virtually join them to provide his services.

About Sutton Quebec

With its network of 2,800 real estate brokers, Sutton Quebec has achieved a leading position in the industry and Sutton is now a synonym of trust and excellence. Present in all regions of Quebec and Ottawa, Sutton brokers have a thorough knowledge of the market and a multitude of tools to provide each of their customers a personalized transaction and undeniable added value.

For more information, visit www.suttonquebec.com

About Urbanimmersive

Urbanimmersive Technologies Inc., through its wholly owned subsidiary Urbanimmersive Inc., is a digital media company that combines its expertise in the production of visual content to its patent pending immersive technology for online, offline and mobile marketing of real estate assets. The company also licenses its full suite of software and technology to partners in other markets. Urbanimmersive Technologies Inc. is a company listed on the TSX Venture Exchange and traded under the "UI" ticker symbol.

For more information, visit www.urbanimmersive.com

Caution on Forward-Looking Statements

This press release contains forward-looking statements that reflect the expectations of Urbanimmersive Technologies Inc. regarding upcoming events. Actual events could differ materially from those anticipated in this document.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Urbanimmersive Technologies Inc.

For further information:

Urbanimmersive Inc. / Urbanimmersive Technologies Inc.: 
Ghislain Lemire, President and Chief Executive Officer
514-394-7820 or ghislainlemire@urbanimmersive.com