CALGARY, April 6 /CNW/ - Immersive Media Corp. (TSXV: IMC) ("IMC") announced that it has granted 2.27 million options to purchase common shares of the Company at a price of $1.00 per share for a period of five years, to Directors and Officers of the Company. The options grant is subject to regulatory approval, including the approval of the TSX Venture Exchange.
About Immersive Media Corp.
IMC is the leading provider of 360-degree, full-motion, interactive video experiences. Its one-of-a-kind geodesic camera and full production services - including rental equipment, training, filming, post-production and distribution options - create high-resolution, immersive video for a variety of uses. From mapping and exploration to monitoring and surveillance to branding and entertainment, Immersive Media customers and agents produce the deepest, most engaging video experiences possible.
IMC is investing in companies in the growing green technology industry and has made strategic investments in Future Power PA Inc. (FPPI) and T3 Motion.
FPPI is a joint venture of Future Fuels LLC of Houston, Texas and Immersive Media Corp. FPPI is an independent power company engaged in the development, construction, ownership and operation of IGCC facilities which convert coal to liquid energy sources which can be sold or used for electricity generation and sales. FPPI's business is to develop, own and operate state-of-the-art IGCC clean coal technology power projects in the United States in close proximity to major power grids and coal supplies.
T3 Motion specializes in cost-effective, clean-technology vehicle solutions for professional markets including law enforcement, security, retail, government and the military. T3 Motion is dedicated to raising the bar on vehicle environmental standards and green energy solutions. The foundation of T3 Motion vehicles is the company's proprietary power management technology that maximizes range and minimizes recharging time.
For more information please visit www.immersivemedia.com
Safe Harbor for Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements under applicable securities laws, and Immersive Media Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Forward-looking statements are subject to numerous assumptions and risks and should not be unduly relied upon as IMC can provide no assurance that the expectations contained in such forward-looking statements will materialize as anticipated or at all. Immersive Media Corp. does not undertake an obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
(C) 2010 Immersive Media Corp. All rights reserved.
All other trademarks are the property of their respective owners.
SOURCE IMMERSIVE MEDIA CORP.
For further information: For further information: David G. Anderson, Investor Relations, Tel: (866) 333-8817