Urbanimmersive reaches agreement with Terramont Real Estate Services

A first foray into the commercial real estate

MONTREAL, March 21, 2013 /CNW Telbec/ - Urbanimmersive Technologies Inc. (TSXV: UI) is pleased to announce the signing of an agreement with Terramont Real Estate Services Inc. ("Terramont"), a Montreal-based commercial real estate brokerage firm including office space, retail stores, industrial sites and real estate investment. This collaboration will allow Terramont to offer to its customers a whole new way to market real estate online. Urbanimmersive thereby performs a first breakthrough in the area of ​​commercial real estate.

"Our customers expect results from the marketing approach we propose to them," said Jean-Marc LeBlanc, Vice President, Partner and co-founder of Terramont. "AVU3D® provides a unique and immersive experience to our listings and properties. Above all, it allows us to analyze and showcase to our customers the impact of marketing".

"We knew that our technology was well suited to the commercial real estate market" says David Thomas, Vice President of Sales, Real Estate Markets at Urbanimmersive. "Our discussions with Terramont helped us develop the tools associated with our AVU3D® software and evaluate the impact it will have in this very competitive market."

Real Estate Reinvented

AVU3D® is a new emulation technology that allows a buyer, lessee or other potential dealers to 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 listing broker can see visitors in real time navigating through its listings and may, at any time, join virtually to provide its services.

About Terramont

Founded in 1998, Real Estate Services Inc. Terramont is a brokerage firm specializing in the rental and sale of business assets. Focused on understanding the needs of its customers, Terramont ensures good pairing of lessee or purchaser to the ideal location available in the local real estate market, or overseas through international affiliations.

For more information, visit the Terramont website: www.terramont.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 ticker "UI".

For more information, visit Urbanimmersive website 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

For further information:

Urbanimmersive Inc. / Urbanimmersive Technologies Inc.:

Ghislain Lemire, President and CEO
(514) 394-7820
ghislainlemire@urbanimmersive.com

David Thomas, Vice President of Sales, Real Estate Markets
(514) 394-7820
davidthomas@urbanimmersive.com

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Urbanimmersive Technologies

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